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CPS Announces $65.0 Million Securitization of Residual Interests
CPSSCPS(CPSS) GlobeNewswire·2025-03-20 20:05

LAS VEGAS, Nevada, March 20, 2025 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced the closing of a 65.0millionsecuritizationofresidualinterestsfrompreviouslyissuedsecuritizations.Inthetransaction,aqualifiedinstitutionalbuyerpurchased65.0 million securitization of residual interests from previously issued securitizations. In the transaction, a qualified institutional buyer purchased 65.0 million of asset-backed notes secured by an 80% interest in a CPS majority owned affiliate (“MOA”) that owns the residual interests in five CPS securitizations issued from October 2023 through ...