Loan & DebtApr 22, 2026, 12:53 PM
CPS Closes Record $514.07M Securitization, 59th Since 2011
AI Summary
Consumer Portfolio Services, Inc. (CPS) successfully closed its second term securitization of 2026, raising $514.07 million through the sale of asset-backed notes. This transaction, secured by $526.17 million in automobile receivables, marks the largest securitization in the company's history and its 59th since 2011. The senior class of notes received a triple "A" rating from Moody's and DBRS Morningstar, continuing a streak of 42 consecutive highly-rated securitizations. This financing will support the company's indirect automobile financing operations.
Key Highlights
- Closed $514.07 million asset-backed notes securitization.
- Largest securitization in company history, exceeding $500 million.
- Senior notes received triple "A" ratings from Moody's and DBRS Morningstar.
- This is CPS's 59th senior subordinate securitization since 2011.
- Weighted average coupon on the notes is approximately 5.51%.