{"filing":{"accession_number":"0001683168-26-008011","cik":"0000889609","ticker":"CPSS","company_name":"CONSUMER PORTFOLIO SERVICES, INC.","form":"8-K","filing_date":"2026-10-21","report_date":"2026-10-21","primary_document":"cps_8k.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/889609/000168316826008011/cps_8k.htm"},"events":[{"id":36819,"run_id":33945,"accession_number":"0001683168-26-008011","anchor_item_number":"2.03","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.94,"summary":"On October 21, 2026, CPS entered into a securitization transaction in which its subsidiary purchased approximately $797.36 million in subprime automotive receivables and sold them to a trust that issued $767.85 million in asset-backed notes across five classes with fixed interest rates (5.14% to 8.56%) to qualified institutional buyers. These notes are treated as long-term debt obligations of CPS and represent the company's 61st securitization since 2011.","company_name":"CONSUMER PORTFOLIO SERVICES, INC.","ticker":"CPSS","filing_date":"2026-10-21","form":"8-K","submitted_at":null,"items":[{"id":41360,"accession_number":"0001683168-26-008011","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 October 21, 2026, in which its subsidiary purchased approximately $797.36 million in subprime automotive receivables and sold them to a trust that issued $767.85 million in asset-backed notes to qualified institutional buyers. This represents the creation of a new direct financial obligation through the issuance of debt securities backed by receivables, which is the hallmark of a debt_issuance event. The transaction is material to investors as it represents a significant financing activity and the company's 61st securitization since 2011.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-10-21T20:45:22.625639+00:00","company_name":"","ticker":null,"filing_date":""},{"id":41361,"accession_number":"0001683168-26-008011","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 October 21, 2026, creating $767.85 million in asset-backed notes across five classes with fixed interest rates (5.14% to 8.56%). The filing explicitly states these Notes are \"properly treated as long-term debt obligations of CPS\" and constitute \"long-term obligations that are material to 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":"2026-10-21T20:45:22.625639+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":41360,"accession_number":"0001683168-26-008011","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 October 21, 2026, in which its subsidiary purchased approximately $797.36 million in subprime automotive receivables and sold them to a trust that issued $767.85 million in asset-backed notes to qualified institutional buyers. This represents the creation of a new direct financial obligation through the issuance of debt securities backed by receivables, which is the hallmark of a debt_issuance event. The transaction is material to investors as it represents a significant financing activity and the company's 61st securitization since 2011.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-10-21T20:45:22.625639+00:00","company_name":"CONSUMER PORTFOLIO SERVICES, INC.","ticker":"CPSS","filing_date":"2026-10-21"},{"id":41361,"accession_number":"0001683168-26-008011","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 October 21, 2026, creating $767.85 million in asset-backed notes across five classes with fixed interest rates (5.14% to 8.56%). The filing explicitly states these Notes are \"properly treated as long-term debt obligations of CPS\" and constitute \"long-term obligations that are material to 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":"2026-10-21T20:45:22.625639+00:00","company_name":"CONSUMER PORTFOLIO SERVICES, INC.","ticker":"CPSS","filing_date":"2026-10-21"}]}