Consumer Portfolio Services Stock Discussion

$Consumer Portfolio Services (CPSS.US)$
CPS Announces $416.82 Million Senior Subordinate Asset-Backed Securitization
Consumer Portfolio Services (CPSS) has closed its fourth term securitization of 2024, totaling $416.82 million in asset-backed notes secured by $436.00 millionin automobile receivables. This marks the company's 53rd senior subordinate securitization since 2011 and the 36th consecutive to receive a triple 'A' rating from at least two rating agencies on the senior class of notes....

$Consumer Portfolio Services (CPSS.US)$
CPS Announces Renewal of $200 Million Credit Facility
Consumer Portfolio Services (CPS) announced the renewal of its two-year revolving credit agreement with Citibank, N.A., effective July 11, 2024. This $200 million credit facility will be secured by automobile receivables that CPS owns or will purchase in the future. The agreement allows CPS to borrow on a revolving basis until July 15, 2026, after which it can either repay the outstanding loans in fu...

$Consumer Portfolio Services (CPSS.US)$
CPS Announces $436.31 Million Senior Subordinate Asset-Backed Securitization
Consumer Portfolio Services (CPS) announced the closing of a $436.31 million senior subordinate asset-backed securitization on June 26, 2024. This marks CPS's third term securitization in 2024 and its 52nd since 2011. The transaction involves asset-backed notes secured by $460 million in automobile receivables.
The notes, issued by CPS Auto Receivables Trust 2024-C, include fiv...

$Consumer Portfolio Services (CPSS.US)$
NEWS
CPS Announces $319.9 Million Senior Subordinate Asset-Backed Securitization