{"filing":{"accession_number":"0001683168-26-005764","cik":"0000889609","ticker":"CPSS","company_name":"CONSUMER PORTFOLIO SERVICES, INC.","form":"8-K","filing_date":"2026-07-24","report_date":"2026-07-22","primary_document":"cps_8k.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/889609/000168316826005764/cps_8k.htm"},"events":[{"id":20493,"run_id":18445,"accession_number":"0001683168-26-005764","anchor_item_number":"2.03","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.94,"summary":"On July 22, 2026, CPS entered into a securitization transaction in which its subsidiary sold approximately $734.51 million of subprime automotive receivables to a trust that issued $716.88 million in asset-backed notes across five classes with interest rates ranging from 4.52% to 7.65%. This represents the company's largest securitization in its history and its 60th senior subordinate securitization since 2011.","company_name":"CONSUMER PORTFOLIO SERVICES, INC.","ticker":"CPSS","filing_date":"2026-07-24","form":"8-K","submitted_at":null,"items":[{"id":19865,"accession_number":"0001683168-26-005764","item_number":"1.01","item_title":"Entry into a Material Definitive","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.92,"reasoning":"CPS entered into a securitization transaction on July 22, 2026, in which its subsidiary sold approximately $734.51 million of subprime automotive receivables to a trust that issued $716.88 million in asset-backed notes to qualified institutional buyers. This represents the creation of a new direct financial obligation (asset-backed securities) secured by receivables, which is a material debt issuance. The news release confirms this is the company's largest securitization in its history and its 60th senior subordinate securitization since 2011, indicating this is a significant capital-raising event material to investors.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-24T20:34:40.105449+00:00","company_name":"","ticker":null,"filing_date":""},{"id":19866,"accession_number":"0001683168-26-005764","item_number":"2.03","item_title":"Creation of a Direct Financial Obligation","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"CPS entered into a securitization transaction on July 22, 2026, creating $716.88 million in asset-backed notes across five classes with interest rates ranging from 4.52% to 7.65%. The filing explicitly states these are \"long-term obligations that are material to CPS\" and are \"properly treated as long-term debt obligations of CPS.\" This is a classic debt issuance under Item 2.03, creating direct financial obligations secured by automobile receivables.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-24T20:34:40.105449+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":19865,"accession_number":"0001683168-26-005764","item_number":"1.01","item_title":"Entry into a Material Definitive","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.92,"reasoning":"CPS entered into a securitization transaction on July 22, 2026, in which its subsidiary sold approximately $734.51 million of subprime automotive receivables to a trust that issued $716.88 million in asset-backed notes to qualified institutional buyers. This represents the creation of a new direct financial obligation (asset-backed securities) secured by receivables, which is a material debt issuance. The news release confirms this is the company's largest securitization in its history and its 60th senior subordinate securitization since 2011, indicating this is a significant capital-raising event material to investors.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-24T20:34:40.105449+00:00","company_name":"CONSUMER PORTFOLIO SERVICES, INC.","ticker":"CPSS","filing_date":"2026-07-24"},{"id":19866,"accession_number":"0001683168-26-005764","item_number":"2.03","item_title":"Creation of a Direct Financial Obligation","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"CPS entered into a securitization transaction on July 22, 2026, creating $716.88 million in asset-backed notes across five classes with interest rates ranging from 4.52% to 7.65%. The filing explicitly states these are \"long-term obligations that are material to CPS\" and are \"properly treated as long-term debt obligations of CPS.\" This is a classic debt issuance under Item 2.03, creating direct financial obligations secured by automobile receivables.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-24T20:34:40.105449+00:00","company_name":"CONSUMER PORTFOLIO SERVICES, INC.","ticker":"CPSS","filing_date":"2026-07-24"}]}