Consumer Portfolio Services, Inc. closed its third term securitization in 2025, marking the 56th senior subordinate securitization since 2011. The transaction, totaling $418.33 million, was backed by automobile receivables and received top ratings from S&P and DBRS Morningstar. The notes, issued by CPS Auto Receivables Trust 2025-C, consist of five classes with interest rates ranging from 4.71% to 6.59%. Initial credit enhancement includes a 1.00% cash deposit and 3.50% overcollateralization. The transaction was a private offering of securities. CPS is an independent specialty finance company providing indirect automobile financing to individuals with credit challenges.

Read more at GlobeNewswire: CPS Announces $418.33 Million Senior Subordinate