Exeter closes $1.05B sub-prime auto ABS deal (Exeter Automobile Receivables Trust 2025-3)

EFCAR, LLC

Total notes issued $1,048,580,000 across seven classes: A-1 ($98M), A-2 ($227M), A-3 ($226.74M), B ($115.29M), C ($119.68M), D ($156.46M), E ($105.41M).
Backed by sub-prime automobile loan contracts transferred from Exeter Finance LLC to the trust.
Closing date May 28, 2025; Citibank, N.A. serves as indenture trustee.
Notes issued under a Sale and Servicing Agreement, Indenture, and related transaction documents.

item 1.01item 9.01

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