secwatch / observer
8-K filed January 28, 2026, 6:59 PM ET CIK 0001654238
other material confidence high sentiment neutral materiality 0.50

Exeter closes ~$1.1B subprime auto ABS (Exeter Automobile Receivables Trust 2026-1)

EFCAR, LLC

item 1.01item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.85

EFCAR, LLC entered into Sale and Servicing Agreement with Exeter Automobile Receivables Trust 2026-1, Citibank, N.A. valued at Transfer of Receivables to Trust and servicing arrangement (effective 2026-01-28).

Action
entry
Agreement
notes offering
Counterparty
Exeter Automobile Receivables Trust 2026-1, Citibank, N.A.
Value
Transfer of Receivables to Trust and servicing arrangement
Effective
2026-01-28
Exact text from the filing
a Sale and Servicing Agreement, dated as of January 4, 2026 (the “Sale and Servicing Agreement”), among the Holdings Trust, EFCAR, as seller, Exeter, as servicer (in such capacity, the “Servicer”), the Trust, the Indenture Trustee and Citibank, N.A., as backup servicer (in such capacity, the “Backup Servicer”), pursuant to which EFCAR transferred the Receivables to the Trust and the Receivables are serviced by the Servicer
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.85

EFCAR, LLC entered into Amended and Restated Trust Agreement of the Holdings Trust with Wilmington Trust Company valued at Amendment and restatement of trust agreement for Exeter Holdings Trust 2026-1 (effective 2026-01-28).

Action
entry
Counterparty
Wilmington Trust Company
Value
Amendment and restatement of trust agreement for Exeter Holdings Trust 2026-1
Effective
2026-01-28
Exact text from the filing
an Amended and Restated Trust Agreement of the Holdings Trust, dated as of January 4, 2026, between the Trust and Wilmington Trust Company, as owner trustee
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.85

EFCAR, LLC entered into Contribution Agreement with Exeter Holdings Trust 2026-1 valued at Contribution of Receivables from Trust to Holdings Trust (effective 2026-01-28).

Action
entry
Counterparty
Exeter Holdings Trust 2026-1
Value
Contribution of Receivables from Trust to Holdings Trust
Effective
2026-01-28
Exact text from the filing
a Contribution Agreement, dated as of January 4, 2026 (the “Contribution Agreement”), between the Holdings Trust, as transferee, and the Trust, as transferor, pursuant to which the Receivables were contributed by the Trust to the Holdings Trust
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.85

EFCAR, LLC entered into Amended and Restated Trust Agreement of the Trust with Wilmington Trust Company valued at Amendment and restatement of trust agreement for Exeter Automobile Receivables Trust 2026-1 (effective 2026-01-28).

Action
entry
Counterparty
Wilmington Trust Company
Value
Amendment and restatement of trust agreement for Exeter Automobile Receivables Trust 2026-1
Effective
2026-01-28
Exact text from the filing
an Amended and Restated Trust Agreement of the Trust, dated as of January 4, 2026, between EFCAR and Wilmington Trust Company, as owner trustee
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.85

EFCAR, LLC entered into Custodian Agreement with Exeter, Citibank, N.A. valued at Custody of files related to the Receivables (effective 2026-01-28).

Action
entry
Agreement
notes offering
Counterparty
Exeter, Citibank, N.A.
Value
Custody of files related to the Receivables
Effective
2026-01-28
Exact text from the filing
a Custodian Agreement, dated as of January 4, 2026 (the “Custodian Agreement”), among Exeter, as custodian (in such capacity, the “Custodian”), the Servicer and the Indenture Trustee, pursuant to which the Custodian maintains custody of certain files related to the Receivables
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.85

EFCAR, LLC entered into Indenture with Citibank, N.A. valued at Issuance of eight classes of Asset-Backed Notes totaling $1,098,780,000 and grant of security intere (effective 2026-01-28).

Action
entry
Agreement
notes offering
Counterparty
Citibank, N.A.
Value
Issuance of eight classes of Asset-Backed Notes totaling $1,098,780,000 and grant of security intere
Effective
2026-01-28
Exact text from the filing
an Indenture, dated as of January 4, 2026 (the “Indenture”), among the Trust, the Holdings Trust and the Indenture Trustee, pursuant to which the Notes were issued and a security interest in certain collateral was granted to the Indenture Trustee
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.85

EFCAR, LLC entered into Purchase Agreement with Exeter Finance LLC valued at Transfer of sub-prime automobile loan contracts (effective 2026-01-28).

Action
entry
Counterparty
Exeter Finance LLC
Value
Transfer of sub-prime automobile loan contracts
Effective
2026-01-28
Exact text from the filing
On January 28, 2026 (the “Closing Date”), EFCAR, LLC (“EFCAR”) transferred certain sub-prime automobile loan contracts (the “Receivables”) to Exeter Automobile Receivables Trust 2026-1, a Delaware statutory trust (the “Trust”), which were then transferred by the Trust to Exeter Holdings Trust 2026-1 (the “Holdings Trust”) in exchange for 100% of the beneficial ownership interests in the Holdings Trust.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.85

EFCAR, LLC entered into Asset Representations Review Agreement with Clayton Fixed Income Services LLC valued at Asset representations review agreement regarding Receivables (effective 2026-01-28).

Action
entry
Counterparty
Clayton Fixed Income Services LLC
Value
Asset representations review agreement regarding Receivables
Effective
2026-01-28
Exact text from the filing
an Asset Representations Review Agreement, dated as of January 4, 2026 (the “Asset Representations Review Agreement”), among the Trust, the Servicer, and Clayton Fixed Income Services LLC, as asset representations reviewer (the “Asset Representations Reviewer”), pursuant to which the Asset Representations Reviewer agrees to review certain representations regarding the Receivables in certain circumstances
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.85

EFCAR, LLC entered into Accession Agreement with Intercreditor Agent (Citibank, N.A.) valued at Accession to Intercreditor Agreement dated December 9, 2022 (effective 2026-01-28).

Action
entry
Agreement
notes offering
Counterparty
Intercreditor Agent (Citibank, N.A.)
Value
Accession to Intercreditor Agreement dated December 9, 2022
Effective
2026-01-28
Exact text from the filing
an Accession Agreement, dated as of January 28, 2026 (the “Accession Agreement”), between the Trust and the Indenture Trustee, pursuant to which the Trust and the Indenture Trustee became parties to the Intercreditor Agreement, dated December 9, 2022 (the “Intercreditor Agreement”), among the Servicer, Citibank, N.A., as intercreditor agent (in such capacity, the “Intercreditor Agent”), and each other party that becomes a party thereto from time to time pursuant to an accession agreement, related to one or more accounts which are the subject of the Deposit Account Control Agreement, dated December 9, 2022 (the “Deposit Account Control Agreement”), among the Servicer, the Intercreditor Agent, and Wells Fargo Bank, National Association, as lockbox bank (the “Lockbox Bank”)
View on SEC.gov

284 material agreements filed in the last 30 days. Browse all material agreements →

Source: SEC EDGAR
accession 0000929638-26-000387
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