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CPSS - CPS Announces $50.0 Million Securitization of Residual Interests | Benzinga
Consumer Portfolio Services Inc.
LAS VEGAS, Nevada, March 22, 2024 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (NASDAQ:CPSS) ("CPS" or the "Company") today announced the closing of a $50.0 million securitization of residual interests from previously issued securitizations.
In the transaction, a qualified institutional buyer purchased $50.0 million of asset-backed notes secured by an 80% interest in a CPS affiliate that owns the residual interests in five CPS securitizations issued from January 2022 through January 2023.
Collateral for the notes includes 80% of the amounts ...