secwatch.observer — SEC 8-K summary
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Issuer:     EFCAR, LLC (—)
CIK:        0001654238
Form:       8-K
Filed at:   2026-01-28T23:59:59+00:00
Accession:  0000929638-26-000387
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Exeter closes ~$1.1B subprime auto ABS (Exeter Automobile Receivables Trust 2026-1)
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- Trust issued 8 classes of Notes totaling ~$1.1B: A-1 $94.2M, A-2 $241M, A-3 $226.4M, B $118.5M, C $123M, D $162.3M, E $103.3M, N $30M.
- Backed by subprime auto loan contracts transferred from Exeter Finance LLC; Exeter remains servicer.
- Closing date Jan 28, 2026; Citibank N.A. as indenture trustee; Wilmington Trust as owner trustee.
- Underwriting agreement dated Jan 21, 2026 with Citigroup, Deutsche Bank, and Wells Fargo as representatives.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1654238/000092963826000387/0000929638-26-000387-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1654238/000092963826000387/eart2026-1_8k.htm
  HTML page:      https://secwatch.observer/filing/0000929638-26-000387

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