EFCAR news

EFCAR entered into capital contribution agreements with Exeter Finance LLC and Citibank to support Exeter Automobile Receivables Trusts 2022-5 and 2022-6, enhancing the trusts' operational capacity.

EFCAR transferred sub-prime auto loans to Exeter Select Automobile Receivables Trust 2026-2 for a $195.25 million securitization backed by Citibank (Indenture Trustee).

Exeter Select Automobile Receivables Trust 2026-2 employs legal counsel for registration statements. This administrative filing marks progress for the asset-specific SPV associated with the trust.

Exeter Select Automobile Receivables Trust 2026-2 announced an offering of eight classes of Asset-Backed Notes totaling $473.1M scheduled for or about September 28, 2026. This financing event is material to the trust’s liquidity and long-term credit profile.

Material financing agreements allow trusts to accept capital contributions to meet obligations. The transactions indicate supported liquidity management.

Exeter Finance entities signed an agreement allowing capital contributions to the 2022-2, 2022-3, 2022-4, and 2022-5 trusts.

Exeter Finance LLC and trusts entered a Capital Contribution Agreement on Sept 16, 2026, for defined equity holder contributions, representing a capital event.

The Exeter Automobile Receivables Trust 2026-4 holds $530 million of ABS notes from Exeter Finance LLC. The trust structure funds the company's sub-prime automobile loan portfolio.

The Exeter Automobile Receivables Trust 2026-4 has engaged Morgan, Lewis & Bockius to serve as legal counsel for its upcoming Form SF-3 Registration Statement. This is a standard corporate governance action to prepare for future financings.

On August 26, 2026, Exeter Automobile Receivables Trust 2026-4 announced it will issue Class A-1, A-2, and B asset-backed notes with a combined principal amount exceeding $500 million prior to the Closing Date on August 31, 2026.

EFCAR transferred sub-prime automobile loan contracts to Exeter Automobile Receivables Trust 2026-3 in exchange for asset-backed notes worth $142M. The transaction illustrates a debt-for-debt exchange completed to restructure obligations.

EFCAR LLC, the depositor for Exeter Select Automobile Receivables Trust 2026-1, engaged Morgan, Lewis & Bockius LLP as counsel for its Form SF-3 registration statement filing. Legal opinions from Morgan Lewis and Richards, Layton & Finger have been incorporated into the registration statement for va…