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Securitization Trust Debt (Tables)

3 Months Ended

Mar. 31, 2024

Securitization Trust Debt

Schedule of securitization trust debt

Schedule of securitization trust debt
																						Weighted
																						Average
		Final				Receivables								Outstanding				Outstanding				Contractual Debt
		Scheduled				Pledged at								Principal at				Principal at				Interest Rate at
		Payment				March 31,				Initial				March 31,				December 31,				March 31,
Series		Date (1)				2024 (2)				Principal				2024				2023				2024
		(Dollars in thousands)
CPS 2019-B			June 2026			$	–			$	228,275			$	–			$	15,742				–
CPS 2019-C			September 2026				20,050				243,513				15,489				19,725				5.26%
CPS 2019-D			December 2026				27,023				274,313				21,811				27,445				4.50%
CPS 2020-A			March 2027				26,213				260,000				21,459				26,382				4.95%
CPS 2020-B			June 2027				31,296				202,343				20,745				24,197				7.38%
CPS 2020-C			November 2027				44,231				252,200				37,586				43,487				4.25%
CPS 2021-A			March 2028				48,164				230,545				34,383				39,039				1.90%
CPS 2021-B			June 2028				61,128				240,000				47,473				55,684				2.71%
CPS 2021-C			September 2028				93,137				291,000				73,693				85,563				2.16%
CPS 2021-D			December 2028				126,773				349,202				110,294				126,059				2.71%
CPS 2022-A			April 2029				141,660				316,800				120,884				137,479				2.93%
CPS 2022-B			October 2029				218,246				395,600				191,200				213,779				5.07%
CPS 2022-C			April 2030				253,043				391,600				205,529				230,273				5.97%
CPS 2022-D			June 2030				211,067				307,018				185,573				205,583				8.10%
CPS 2023-A			August 2030				251,394				324,768				208,585				231,906				6.41%
CPS 2023-B			November 2030				275,600				332,885				241,966				268,172				6.66%
CPS 2023-C			February 2031				259,928				291,732				236,937				257,568				6.70%
CPS 2023-D			May 2031				275,342				286,149				252,383				271,939				7.29%
CPS 2024-A			August 2031				287,710				280,924				266,246				–				6.09%
			–			$	2,652,004			$	5,498,867			$	2,292,235			$	2,280,021

_________________

(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 $644.3 million in 2024, $691.9 million in 2025, $435.8 million in 2026, $284.8 million in 2027, $169.4 million in 2028, and $51.5 million in 2029.

(2)

Includes repossessed assets that are included in Other assets on our Unaudited Condensed Consolidated Balance Sheet.

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- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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