Consumer Portfolio Services Inc. (Nasdaq: CPSS) announced the closing of its fourth term asset-backed securitization in 2025, issuing $384.6 million of asset-backed notes secured by $392.46 million in automobile receivables. The transaction, CPS Auto Receivables Trust 2025-D, consists of five classes of notes: - Class A: $170.91 million, 4.46% interest rate, average life 0.66 years, priced at 99.99991% - Class B: $52.20 million, 4.48% interest rate, average life 1.72 years, priced at 99.99532% - Class C: $64.95 million, 4.85% interest rate, average life 2.40 years, priced at 99.99632% - Class D: $43.17 million, 5.45% interest rate, average life 3.23 years, priced at 99.98364% - Class E: $53.37 million, 7.69% interest rate, average life 4.04 years, priced at 99.99120% The weighted average coupon on the notes is approximately 5.72%. The transaction includes initial credit enhancement with a cash deposit of 1.00% of the original receivable pool balance and overcollateralization of 2.00%. No URL for the prospectus is included in the document.
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