In the transaction, qualified institutional buyers purchased
The weighted average effective coupon on the notes is approximately 3.08%.
The 2013-C transaction has initial credit enhancement consisting of a cash deposit equal to 1.00% of the original receivable pool balance. The final enhancement level requires accelerated payment of principal on the notes to reach overcollateralization of 5.00% of the then-outstanding receivable pool balance.
The transaction utilizes a pre-funding structure, in which CPS sold approximately
The transaction was a private offering of securities, not registered under the Securities Act of 1933, or any state securities law. All of such securities having been sold, this announcement of their sale appears as a matter of record only.
CONTACT: Investor Relations ContactSource:
Robert E. Riedl, Chief Investment Officer 949 753-6800
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