LAS VEGAS, April 22, 2026 (GLOBE NEWSWIRE) — Shopper Portfolio Providers, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) introduced the closing of its second time period securitization in 2026 on Wednesday April 22, 2026. The transaction is CPS’s 59th senior subordinate securitization for the reason that starting of 2011 and the forty second consecutive securitization to obtain a triple “A” score from not less than two score businesses on the senior class of notes.
Within the transaction, certified institutional patrons bought $514.07 million of asset-backed notes secured by $526.17 million in vehicle receivables originated by CPS. The offered notes, issued by CPS Auto Receivables Belief 2026-B, consist of 5 courses. Scores of the notes had been supplied by Moody’s and DBRS Morningstar, and had been based mostly on the construction of the transaction, the historic efficiency of comparable receivables and CPS’s expertise as a servicer. This transaction is the biggest of the 109 securitizations within the firm’s historical past and marks the primary transaction of over $500 million of notes offered.
Notice ClassAmount(in thousands and thousands)Curiosity RateAverage Life (years)PriceMoody’s RatingDBRS RatingA$237.6204.35percent0.6899.99986percentAaaAAAB$76.4004.59percent1.8199.98841percentAaaAAC$78.6604.93percent2.5299.98836percentAa3AD$48.6705.20percent3.3099.98141percentBaa2BBBE$72.7207.14percent4.0499.96652percentNRBB
The weighted common coupon on the notes is roughly 5.51%.
The 2026-B transaction has preliminary credit score enhancement consisting of a money deposit equal to 1.00% of the unique receivable pool steadiness and overcollateralization of two.30%. The transaction agreements require accelerated cost of principal on the notes to achieve overcollateralization of the lesser of seven.70% of the unique receivable pool steadiness, or 19.20% of the then excellent pool steadiness.
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The transaction was a non-public providing of securities, not registered underneath the Securities Act of 1933, or any state securities legislation. All such securities having been offered, this announcement of their sale seems as a matter of report solely.
About Shopper Portfolio Providers, Inc.
Shopper Portfolio Providers, Inc. is an unbiased specialty finance firm that gives oblique vehicle financing to people with previous credit score issues or restricted credit score histories. We buy retail installment gross sales contracts primarily from franchised vehicle dealerships secured by late mannequin used automobiles and, to a lesser extent, new automobiles. We fund these contract purchases on a long-term foundation primarily by means of the securitization markets and repair the contracts over their lives.
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Investor Relations Contact
Danny Bharwani, Chief Monetary Officer949-753-6811
