Short answer
CONSUMER PORTFOLIO SERVICES, INC. (CPSS) filed an 8-K current report with the SEC on March 4, 2026 reporting Item 8.01 (Other Events). Closed $50M securitization of residual interests from 4 prior CPS deals issued Jan–Oct 2025.
CONSUMER PORTFOLIO SERVICES, INC. 8-K event analysis
AI summary of each reported item and its exhibits
Item 8.01 · Other Events
- Closed $50M securitization of residual interests from 4 prior CPS deals issued Jan–Oct 2025
- Notes carry 8.75% coupon; collateral is 80% interest in a majority-owned affiliate holding the residual interests
- Collateral includes 80% of spread account deposits and 80% of over-collateralization across all four underlying securitizations
- Monthly payments cover interest first; principal paid only as needed to maintain minimum collateral ratio: a structural protection for noteholders
- Monetizes "excess spread" trapped in prior deals, providing CPSS immediate liquidity without selling the underlying auto loan pools
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
Other CONSUMER PORTFOLIO SERVICES, INC. 8-K filings
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