---
schema_version: "secwatch.filing_event.v1"
accession: "0000929638-24-001281"
form_type: "8-K"
ticker: null
cik: "0001654238"
company_name: "EFCAR, LLC"
filed_at: "2024-03-28T23:59:59+00:00"
generated_at: "2026-06-04T06:14:00.992508+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000929638-24-001281
- form_type: 8-K
- cik: 0001654238
- company_name: EFCAR, LLC
- filed_at: 2024-03-28T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1654238/000092963824001281/0000929638-24-001281-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1654238/000092963824001281/eart2024-2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000929638-24-001281
- JSON: https://secwatch.observer/filing/0000929638-24-001281.json
- Plain text: https://secwatch.observer/filing/0000929638-24-001281.txt

## Key facts
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1654238/000092963824001281/0000929638-24-001281-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.