Exeter Auto Receivables Trust 2025-4 issues $1.244B in asset-backed notes

EFCAR, LLC

Notes issued across seven classes: A-1 $118M, A-2 $266M, A-3 $266M, B $138M, C $143M, D $190M, E $121M.
Closing date August 27, 2025; proceeds used to purchase subprime auto loan receivables from Exeter Finance.
Underwriters include Deutsche Bank, Barclays, Citigroup, and Wells Fargo Securities.
Agreements include Purchase Agreement, Sale and Servicing Agreement, Indenture, and related documents.

item 1.01item 8.01item 9.01

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