Securitization Trust Debt (Tables)

6 Months Ended

Jun. 30, 2023

Securitization Trust Debt

Schedule of Long-term Debt Instruments

Series	Final Scheduled Payment Date (1)	Receivables Pledged at June 30, 2023 (2)		Initial Principal		Outstanding Principal at June 30, 2023		Outstanding Principal at December 31, 2022		Weighted Average Contractual Debt Interest Rate at June 30, 2023
	(Dollars in thousands)
CPS 2018-A	March 2025	$	–	$	190,000	$	–	$	12,939		–
CPS 2018-B	December 2024		–		201,823		–		17,077		–
CPS 2018-C	September 2025		–		230,275		–		20,222		6.07%
CPS 2018-D	June 2025		20,498		233,730		16,011		25,563		5.82%
CPS 2019-A	March 2026		26,513		254,400		21,680		32,898		5.73%
CPS 2019-B	June 2026		28,679		228,275		24,730		33,897		5.56%
CPS 2019-C	September 2026		34,151		243,513		30,129		41,515		4.55%
CPS 2019-D	December 2026		45,068		274,313		39,936		53,625		3.86%
CPS 2020-A	March 2027		42,267		260,000		38,057		52,705		4.18%
CPS 2020-B	June 2027		48,747		202,343		31,860		41,736		6.36%
CPS 2020-C	November 2027		66,427		252,200		56,227		72,894		3.45%
CPS 2021-A	March 2028		70,683		230,545		51,064		72,076		1.49%
CPS 2021-B	June 2028		89,355		240,000		76,336		101,206		2.01%
CPS 2021-C	September 2028		131,240		291,000		113,606		147,593		1.70%
CPS 2021-D	December 2028		178,689		349,202		162,778		209,277		2.00%
CPS 2022-A	April 2029		196,998		316,800		176,857		222,613		2.29%
CPS 2022-B	October 2029		295,399		395,600		266,669		325,907		4.28%
CPS 2022-C	April 2030		332,262		391,600		285,595		346,714		5.34%
CPS 2022-D	June 2030		278,221		307,018		250,805		292,461		7.45%
CPS 2023-A	August 2030		196,998		324,768		281,081		–		6.13%
CPS 2023-B	November 2030		295,399		332,885		316,192		–		6.46%
		$	2,377,595	$	5,750,290	$	2,239,614	$	2,122,919

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(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 $409.3 million in 2023, $747.0 million in 2024, $463.2 million in 2025, $288.1 million in 2026, $193.9 million in 2027, $102.9 million in 2028, and $20.7 million in 2029.

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