CPS Announces $416.82 Million Senior Subordinate Asset-Backed Securitization
Consumer Portfolio Services, Inc. (CPSS)
Last consumer portfolio services, inc. earnings: 4/15 05:21 pm
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US:NASDAQ Investor Relations:
ir.consumerportfolio.com/investor-relations
Company Research
Source: GlobeNewswire
LAS VEGAS, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) announced the closing of its fourth term securitization in 2024 on Tuesday, September 17, 2024. The transaction is CPS's 53rd senior subordinate securitization since the beginning of 2011 and the 36th consecutive securitization to receive a triple “A” rating from at least two rating agencies on the senior class of notes. In the transaction, qualified institutional buyers purchased $416.82 million of asset-backed notes secured by $436.00 million in automobile receivables originated by CPS. The sold notes, issued by CPS Auto Receivables Trust 2024-D, consist of five classes. Ratings of the notes were provided by Standard & Poor’s and DBRS Morningstar, and were based on the structure of the transaction, the historical performance of similar receivables and CPS’s experience as a servicer. Note ClassAmount (in millions)Interest RateAverage Life (years)Pr
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CPSS
News
- Despite recent sales, Consumer Portfolio Services, Inc. (NASDAQ:CPSS) insiders still hold the largest share with a 36% interest [Yahoo! Finance]Yahoo! Finance
- Consumer Portfolio Services' (NASDAQ:CPSS) investors will be pleased with their splendid 124% return over the last five years [Yahoo! Finance]Yahoo! Finance
- Consumer Portfolio Services to Present at the 2024 Gateway Conference on September 4GlobeNewswire
- CPS Announces Second Quarter 2024 EarningsGlobeNewswire
- CPS to Host Conference Call on Second Quarter 2024 EarningsGlobeNewswire
CPSS
Sec Filings
- 9/20/24 - Form 8-K
- 9/17/24 - Form 4
- 9/17/24 - Form 4
- CPSS's page on the SEC website