debt
confidence high
sentiment neutral
materiality 0.35
Exeter closes $1.048B sub-prime auto ABS (Exeter 2025-3) on May 28, 2025
EFCAR, LLC
- Notes: $98M A-1, $227M A-2, $226.74M A-3, $115.29M B, $119.68M C, $156.46M D, $105.41M E.
- Underwriters: BNP Paribas, Barclays, Citigroup, Mizuho, with underwriting agreement dated May 20, 2025.
- Proceeds used to purchase sub-prime auto loan contracts from Exeter Finance LLC via EFCAR LLC.
- Standard securitization structure with sale to trust, servicing by Exeter, and backup servicer Citibank N.A.
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