CPS Announces $50.0 Million Securitization of Residual Interests
CPSSCPS(CPSS) Newsfilter·2024-03-23 01:55

LAS VEGAS, Nevada, March 22, 2024 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (NASDAQ:CPSS) ("CPS" or the "Company") today announced the closing of a 50.0millionsecuritizationofresidualinterestsfrompreviouslyissuedsecuritizations.Inthetransaction,aqualifiedinstitutionalbuyerpurchased50.0 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. Collatera ...