Company: CPSS
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001683168-25-001548
Chunk: 585

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 2
Chunk 585
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 $49,875  
    $49,623 

    SECURITIZATION TRUST DEBT: 

    Beginning balance 
    $2,265,446  
    $2,108,744  
    $1,759,972 
  
    Issuances 
     1,492,017  
     1,235,534  
     1,411,018 
  
    Payments 
     (1,162,184) 
     (1,078,432) 
     (1,060,052)
  
    Capitalization of deferred financing costs 
     (9,316) 
     (7,888) 
     (8,681)
  
    Amortization of deferred financing costs 
     8,421  
     7,488  
     6,487 
  
    Ending balance 
    $2,594,384  
    $2,265,446  
    $2,108,744 

    SUBORDINATED RENEWABLE NOTES: 

    Beginning balance 
    $17,188  
    $25,263  
    $26,459 
  
    Issuances 
     12,589  
     586  
     4,004 
  
    Payments 
     (3,288) 
     (8,661) 
     (5,200)
  
    Ending balance 
    $26,489  
    $17,188  
    $25,263 

Residual Interest Financing.  On
May 16, 2018, we completed a $40.0 million securitization of residual interests from previously issued securitizations. In this residual
interest financing transaction, qualified institutional buyers purchased $40.0 million of asset-backed notes secured by residual interests
in thirteen CPS securitizations consecutively conducted from September 2013 through December 2016, and an 80% interest in a CPS affiliate
that owns the residual interests in the four CPS securitizations conducted in 2017. The sold notes (“2018-1 Notes”), issued
by CPS Auto Securitization Trust 2018-1, consist of a single class with a coupon of 8.595%. The notes were paid off in February 2022.

On June 30, 2021, we completed
a $50