Company: CPSS
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001683168-25-005901
Chunk: 14

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 8
Chunk 14
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 5.43% 
  
    CPS 2025-B 
    March 2033 
     423,051  
     419,950  
     398,252  
     –  
     5.37% 

    – 
    $3,222,563  
    $6,325,790  
    $2,829,527  
    $2,609,855  

_________________

(1)The Final Scheduled Payment Date represents final legal maturity of the securitization trust debt.
Securitization trust debt is expected to become due and to be paid prior to those dates, based on amortization of the finance receivables
pledged to the trusts. Expected payments, which will depend on the performance of such receivables, as to which there can be no assurance,
are $550.8 million in 2025, $921.8 million in 2026, $638.9 million in 2027, $391.5 million in 2028, $208.8 million in 2029, $93.3 million
in 2030, and $8.1 million in 2031.

(2)Includes repossessed assets that are included in other assets on our Unaudited Condensed Consolidated
Balance Sheet.

     17 

CONSUMER PORTFOLIO SERVICES, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL
STATEMENTS

Debt issuance costs of $16.3
million and $15.5 million as of June 30, 2025, and December 31, 2024, respectively, have been excluded from the table above. These debt
issuance costs are presented as a direct deduction to the carrying amount of the Securitization trust debt on our Consolidated Balance
Sheets.

All the securitization trust
debt was sold in private placement transactions to qualified institutional buyers. The debt was issued through our wholly owned bankruptcy
remote subsidiaries and is secured by the assets of such subsidiaries, but not by our other assets.

The terms of the various securitization
agreements related to the issuance of the securitization trust debt require that certain delinquency and credit loss criteria be met with
respect to the collateral pool and require that we maintain minimum levels of liquidity and net worth and not exceed maximum leverage
levels. We