Exeter Automobile Receivables Trust 2024-2 to issue $794.5M in sub-prime auto ABS notes

EFCAR, LLC

Exeter Automobile Receivables Trust 2024-2 to issue $794.46M in asset-backed notes on April 5, 2024.
Notes include Classes A-1 ($85M), A-2 ($154.2M), A-3 ($38.79M), B ($152.96M), C ($151.68M), D ($124.17M), E ($87.66M).
Underlying collateral: sub-prime auto loan contracts transferred by Exeter Finance LLC to EFCAR, LLC.
Transaction involves Purchase Agreement, Sale and Servicing, Indenture, and other standard ABS agreements.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

EFCAR, LLC entered into Underwriting Agreement with Citigroup Global Markets Inc., Barclays Capital Inc. and Deutsche Bank Securities Inc. (effective 2024-03-26).

Action: entry
Agreement: underwriting
Counterparty: Citigroup Global Markets Inc., Barclays Capital Inc. and Deutsche Bank Securities Inc.
Effective: 2024-03-26

Exact text from the filing

On March 26, 2024, EFCAR and Exeter Finance LLC (“Exeter”) entered into an Underwriting Agreement, dated as of March 26, 2024 (the “Underwriting Agreement”), with Citigroup Global Markets Inc., Barclays Capital Inc. and Deutsche Bank Securities Inc., acting on behalf of themselves and as representatives of the several underwriters named therein, for the sale of certain of the Notes.

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Source: SEC EDGAR

accession 0000929638-24-001281

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