---
schema_version: "secwatch.filing_event.v1"
accession: "0000929638-26-000243"
form_type: "8-K"
ticker: null
cik: "0001654238"
company_name: "EFCAR, LLC"
filed_at: "2026-01-23T23:59:59+00:00"
generated_at: "2026-05-16T08:26:12.344491+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Exeter 2026-1 ABS trust to issue $1.1B in asset-backed notes on Jan 28, 2026

## Summary
- Trust to issue $1.099B in eight classes of notes secured by subprime auto loans.
- Underwriting agreement with Citigroup, Deutsche Bank Securities, and Wells Fargo Securities.
- Purchase agreement (form) filed; seller Exeter Finance makes reps and warranties.
- Class A-1 $94.2M, A-2 $241M, A-3 $226.4M, B $118.5M, C $123M, D $162.3M, E $103.3M, N $30M.

## SEC filing metadata
- accession: 0000929638-26-000243
- form_type: 8-K
- cik: 0001654238
- company_name: EFCAR, LLC
- filed_at: 2026-01-23T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1654238/000092963826000243/0000929638-26-000243-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1654238/000092963826000243/eart2026-1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000929638-26-000243
- JSON: https://secwatch.observer/filing/0000929638-26-000243.json
- Plain text: https://secwatch.observer/filing/0000929638-26-000243.txt

## Key facts
- Material Agreements
  EFCAR, LLC entered into Underwriting Agreement with Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and Wells Fargo Securities, LLC (effective 2026-01-21).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and Wells Fargo Securities, LLC
  - Effective: 2026-01-21
  source text: On January 21, 2026, EFCAR and Exeter Finance LLC (“Exeter”) entered into an Underwriting Agreement, dated as of January 21, 2026 (the “Underwriting Agreement”), with Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and Wells Fargo Securities, LLC, 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/1654238/000092963826000243/0000929638-26-000243-index.htm

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