Exeter Finance securitizes $1.29B sub-prime auto loans; 8 note classes

Exeter Automobile Receivables Trust 2026-3

Total notes: $1.292B across 8 classes: A-1 $142M, A-2 $236.22M, A-3 $267.47M, B $140.34M, C $146.42M, D $194.31M, E $130.9M, N $34.41M.
Closing date June 24, 2026; underwriters: Wells Fargo, Barclays, J.P. Morgan.
Receivables are sub-prime auto loan contracts transferred from Exeter Finance LLC to EFCAR, LLC via Purchase Agreement.
Standard securitization structure: Indenture, Sale & Servicing, Custodian, and other ancillary agreements executed.

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 Automobile Receivables Trust 2026-3 entered into Underwriting Agreement with Wells Fargo Securities, LLC, Barclays Capital Inc. and J.P. Morgan Securities LLC valued at Underwriting Agreement for sale of notes aggregating $1,292,080,000 (effective 2026-06-16).

Action: entry
Agreement: underwriting
Counterparty: Wells Fargo Securities, LLC, Barclays Capital Inc. and J.P. Morgan Securities LLC
Value: Underwriting Agreement for sale of notes aggregating $1,292,080,000
Effective: 2026-06-16

Exact text from the filing

On June 16, 2026, EFCAR and Exeter Finance LLC (“Exeter”) entered into an Underwriting Agreement, dated as of June 16, 2026 (the “Underwriting Agreement”), with Wells Fargo Securities, LLC, Barclays Capital Inc. and J.P. Morgan Securities LLC , acting on behalf of themselves and as representatives of the several underwriters named therein, for the sale of certain of the Notes.

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Source: SEC EDGAR

accession 0000929638-26-002278

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