debt
confidence high
sentiment neutral
materiality 0.40
Exeter Auto Trust 2026-2 issues $739.17M in asset-backed notes
EFCAR, LLC
- Eight note classes: A-1 $65M, A-2 $149.65M, A-3 $156.22M, B $82.21M, C $85.23M, D $110.62M, E $75.39M, N $14.85M.
- Closing on or about March 31, 2026; proceeds purchase subprime auto loans from Exeter Finance.
- Underwriters: Barclays, BNP Paribas, Mizuho; Underwriting Agreement dated March 20, 2026.
- Also entered: Purchase Agreement, Sale and Servicing Agreement, Indenture, Custodian Agreement.