secwatch.observer — SEC 8-K summary
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Issuer:     EFCAR, LLC (—)
CIK:        0001654238
Form:       8-K
Filed at:   2026-03-31T23:59:59+00:00
Accession:  0000929638-26-001316
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Exeter closes $739M subprime auto ABS issuance with eight note classes
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- Exeter Automobile Receivables Trust 2026-2 closed on March 31, issuing $739.17M in asset-backed notes.
- 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).
- Securitization backed by subprime auto loan contracts transferred from sponsor Exeter Finance LLC.
- Citibank, N.A. is indenture trustee; agreements include Purchase, Sale & Servicing, and Indenture.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1654238/000092963826001316/0000929638-26-001316-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1654238/000092963826001316/eart2026-2_8k.htm
  HTML page:      https://secwatch.observer/filing/0000929638-26-001316

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer