CPS closes $716.88 million auto receivables asset-backed notes deal
Consumer Portfolio Services, Inc.
Consumer Portfolio Services, Inc. CPSS | 0.00 |
- CPS closed a $716.88 million senior subordinate asset-backed securitization, its largest to date, backed by $734.51 million of auto receivables.
- Notes issued by CPS Auto Receivables Trust 2026-C; weighted average coupon about 5.9%.
- Senior Class A notes rated AAA by S&P and DBRS Morningstar; deal marked the 43rd straight triple-A on the senior class.
- Initial credit enhancement included a 1% cash deposit, 2.4% overcollateralization.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CPS - Consumer Portfolio Services Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607221334PRIMZONEFULLFEED9766494) on July 22, 2026, and is solely responsible for the information contained therein.
