secwatch / observer
8-K filed May 27, 2026, 2:59 PM ET CIK 0002128772
other material confidence high sentiment neutral materiality 0.30

Exeter Select 2026-1 closes $384M subprime auto ABS securitization

Exeter Select Automobile Receivables Trust 2026-1

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 0.95

Exeter Select Automobile Receivables Trust 2026-1 entered into Custodian Agreement with Exeter (as custodian) valued at Custodian agreement for maintaining custody of files related to Receivables (effective 2026-05-03).

Action
entry
Agreement
notes offering
Counterparty
Exeter (as custodian)
Value
Custodian agreement for maintaining custody of files related to Receivables
Effective
2026-05-03
Exact text from the filing
(h) a Custodian Agreement, dated as of May 3, 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 0.95

Exeter Select Automobile Receivables Trust 2026-1 entered into Contribution Agreement with Exeter Select Automobile Receivables Trust 2026-1 (as transferor) valued at Contribution of Receivables from Trust to Holding Trust (effective 2026-05-03).

Action
entry
Counterparty
Exeter Select Automobile Receivables Trust 2026-1 (as transferor)
Value
Contribution of Receivables from Trust to Holding Trust
Effective
2026-05-03
Exact text from the filing
(c) a Contribution Agreement, dated as of May 3, 2026 (the “Contribution Agreement”), between the Holding Trust, as transferee, and the Trust, as transferor, pursuant to which the Receivables were contributed by the Trust to the Holding Trust;
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Exeter Select Automobile Receivables Trust 2026-1 entered into Purchase Agreement with Exeter Finance LLC valued at Purchase of sub-prime automobile loan contracts (Receivables) by EFCAR from Exeter (effective 2026-05-03).

Action
entry
Agreement
credit facility
Counterparty
Exeter Finance LLC
Value
Purchase of sub-prime automobile loan contracts (Receivables) by EFCAR from Exeter
Effective
2026-05-03
Exact text from the filing
(a) a Purchase Agreement, dated as of May 3, 2026 (the “Purchase Agreement”), between Exeter Finance LLC (“Exeter”), as seller, and EFCAR, as purchaser, pursuant to which Exeter transferred certain sub-prime automobile loan contracts (the “Receivables”) to EFCAR;
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Exeter Select Automobile Receivables Trust 2026-1 entered into Asset Representations Review Agreement with Clayton Fixed Income Services LLC valued at Asset representations review agreement among Trust, Servicer and Asset Representations Reviewer (effective 2026-05-03).

Action
entry
Counterparty
Clayton Fixed Income Services LLC
Value
Asset representations review agreement among Trust, Servicer and Asset Representations Reviewer
Effective
2026-05-03
Exact text from the filing
(f) an Asset Representations Review Agreement, dated as of May 3, 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 0.95

Exeter Select Automobile Receivables Trust 2026-1 entered into Amended and Restated Trust Agreement of the Trust with Wilmington Trust Company valued at Amended and restated trust agreement for the Trust (effective 2026-05-03).

Action
entry
Counterparty
Wilmington Trust Company
Value
Amended and restated trust agreement for the Trust
Effective
2026-05-03
Exact text from the filing
(d) an Amended and Restated Trust Agreement of the Trust, dated as of May 3, 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 0.95

Exeter Select Automobile Receivables Trust 2026-1 entered into Accession Agreement with Citibank, N.A. valued at Accession to Intercreditor Agreement dated December 9, 2022 (effective 2026-05-27).

Action
entry
Agreement
notes offering
Counterparty
Citibank, N.A.
Value
Accession to Intercreditor Agreement dated December 9, 2022
Effective
2026-05-27
Exact text from the filing
(i) an Accession Agreement, dated as of May 27, 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
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Exeter Select Automobile Receivables Trust 2026-1 entered into Sale and Servicing Agreement with Exeter (as servicer) valued at Transfer of Receivables to Trust and servicing by Servicer (effective 2026-05-03).

Action
entry
Agreement
notes offering
Counterparty
Exeter (as servicer)
Value
Transfer of Receivables to Trust and servicing by Servicer
Effective
2026-05-03
Exact text from the filing
(b) a Sale and Servicing Agreement, dated as of May 3, 2026 (the “Sale and Servicing Agreement”), among the Holding 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 0.95

Exeter Select Automobile Receivables Trust 2026-1 entered into Amended and Restated Trust Agreement of the Holding Trust with Wilmington Trust Company valued at Amended and restated trust agreement for the Holding Trust (effective 2026-05-03).

Action
entry
Counterparty
Wilmington Trust Company
Value
Amended and restated trust agreement for the Holding Trust
Effective
2026-05-03
Exact text from the filing
(e) an Amended and Restated Trust Agreement of the Holding Trust, dated as of May 3, 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 0.95

Exeter Select Automobile Receivables Trust 2026-1 entered into Indenture with Citibank, N.A. (as Indenture Trustee) valued at Issuance of eight classes of Asset-Backed Notes in aggregate original principal amounts: Class A-1 $ (effective 2026-05-03).

Action
entry
Agreement
notes offering
Counterparty
Citibank, N.A. (as Indenture Trustee)
Value
Issuance of eight classes of Asset-Backed Notes in aggregate original principal amounts: Class A-1 $
Effective
2026-05-03
Exact text from the filing
(g) an Indenture, dated as of May 3, 2026 (the “Indenture”), among the Trust, the Holding 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

Browse all material agreements →

Source: SEC EDGAR
accession 0000929638-26-001988
view filing index on sec.gov
view primary document
Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.