Exeter 2025-4 closes ~$1.24B sub-prime auto ABS; 7 tranches issued

EFCAR, LLC

Closed on August 27, 2025; issued Class A-1 ($117.99M), A-2 ($266.48M), A-3 ($266.46M), B ($138.26M), C ($143.195M), D ($190.32M), E ($120.995M).
Receivables transferred from Exeter Finance to EFCAR, then to Exeter Automobile Receivables Trust 2025-4 and Exeter Holdings Trust 2025-4.
Citibank serves as indenture trustee; Clayton Fixed Income Services as asset representations reviewer.
Standard representations, warranties, and repurchase obligations for seller (Exeter Finance) on sub-prime auto loan contracts.

item 1.01item 9.01

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