trending Market Intelligence /marketintelligence/en/news-insights/trending/Vi03BunYdB83wnLjQqdLGQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Consumer Portfolio Services closes $260M securitization

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible

Consumer Portfolio Services closes $260M securitization

Consumer Portfolio Services Inc. closed a $260.0 million senior subordinate asset-backed securitization.

The transaction involved the sale of $130.0 million of 2.09% class A notes, $34.1 million of 2.36% class B notes, $37.2 million of 2.54% class C notes, $26.0 million of 2.90% class D notes, $26.3 million of 4.09% class E notes and $6.5 million of 6.93% class F notes.

Qualified institutional buyers purchased the asset-backed notes, which are secured by $260 million in automobile receivables originated by the company.

The transaction uses a pre-funding structure, in which the company sold roughly $170.9 million of receivables at inception and plans to sell about $89.1 million of additional receivables in February.