secwatch.observer — SEC 8-K summary
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Issuer:     EFCAR, LLC (—)
CIK:        0001654238
Form:       8-K
Filed at:   2023-07-18T23:59:59+00:00
Accession:  0000929638-23-002038
Event type: other
Sentiment:  neutral
Materiality: 0.15
Item codes: 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Exeter Auto Receivables Trust 2021-1 trust agreement amended: minimum denomination reduced to $1,001
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- Amendment No. 2 lowers minimum certificate denomination to $1,001 (integral multiples of $1), effective July 13, 2023.
- Updates 99-holder limitation with expanded group look-through per Treasury Reg. 1.385-1(c)(4) and flow-through entity rules.
- EFCAR, LLC (Certificate Owner of $44,760 Book-Entry) and Exeter Flow Intermediary Trust (Certificateholder of $41,080 Definitive) authorized the amendment.
- All conditions precedent satisfied; Wilmington Trust Company remains Owner Trustee.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1654238/000092963823002038/0000929638-23-002038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1654238/000092963823002038/eart2021-1_8k.htm
  HTML page:      https://secwatch.observer/filing/0000929638-23-002038

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