Consumer Portfolio Services, Inc. (Nasdaq: CPSS) has announced the closing of its second term securitization in 2025, valued at $419.95 million. This marks CPS's 55th senior subordinate securitization since 2011 and the 38th consecutive securitization to receive a triple "A" rating from at least two rating agencies on the senior class of notes. The asset-backed notes are secured by $439.29 million in automobile receivables originated by CPS. The transaction was a private offering of securities, not registered under the Securities Act of 1933, or any state securities law. The notes, issued by CPS Auto Receivables Trust 2025-B, consist of five classes with differing ratings and interest rates. The weighted average coupon on the notes is approximately 5.96%.
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