Exeter Auto Trust 2024-5 Files 8-K
Sentiment: neutral
Topics: asset-backed-securities, auto-loans, filing
TL;DR
Exeter Auto Trust 2024-5 dropped an 8-K on 9/30 detailing auto loan ABS. Check financials.
AI Summary
Exeter Automobile Receivables Trust 2024-5 filed an 8-K on September 30, 2024, reporting on other events and financial statements. The filing pertains to asset-backed securities related to auto loans, with EFCAR, LLC as a related entity. The report includes financial information and exhibits relevant to the trust's operations.
Why It Matters
This filing provides crucial updates on the financial structure and operations of the Exeter Automobile Receivables Trust 2024-5, impacting investors in auto loan-backed securities.
Risk Assessment
Risk Level: low — This is a routine filing for an asset-backed securities trust, providing standard financial and operational updates.
Key Players & Entities
- Exeter Automobile Receivables Trust 2024-5 (company) — Issuing Entity
- EFCAR, LLC (company) — Related Entity
- September 30, 2024 (date) — Report Date
FAQ
What is the primary purpose of this 8-K filing for Exeter Automobile Receivables Trust 2024-5?
The primary purpose is to report on 'Other Events' and to file 'Financial Statements and Exhibits' as of September 30, 2024.
What type of assets does Exeter Automobile Receivables Trust 2024-5 deal with?
The trust deals with 'Auto loans' as its asset class, indicated by the ABS asset class.
Who is identified as a related company in this filing?
EFCAR, LLC is identified as a related company with Central Index Key 0001654238.
What is the SEC Act and File Number associated with this filing?
The filing is made under the '1934 Act' with SEC File Number 333-268757-10 for Exeter Automobile Receivables Trust 2024-5.
What is the business address and phone number provided for the filer?
The business address is 2101 W. JOHN CARPENTER FREEWAY, IRVING, TX 75063, and the business phone number is (214) 572-8276.
Filing Stats: 547 words · 2 min read · ~2 pages · Grade level 9.5 · Accepted 2024-09-30 16:27:59
Filing Documents
- eart2024-5_8k.htm (8-K) — 24KB
- exhibit5-1.htm (EX-5.1) — 11KB
- exhibit5-2.htm (EX-5.2) — 30KB
- exhibit8-1.htm (EX-8.1) — 9KB
- 0000929638-24-003353.txt ( ) — 76KB
01
Item 8.01. Other Events . Morgan, Lewis & Bockius LLP has been retained by the Registrant as counsel for its Registration Statement on Form SF-3 (Commission File No. 333-268757) in connection with various transactions. Legal opinions by Morgan, Lewis & Bockius LLP and Richards, Layton & Finger, P.A. to be incorporated into the Registration Statement are attached hereto as Exhibit 5.1, Exhibit 5.2 and Exhibit 8.1.
Financial Statements and Exhibits
Financial Statements and Exhibits . (a) Not applicable. (b) Not applicable. (c) Not applicable. (d) Exhibits: Exhibit No. Description 5.1 Opinion of Morgan, Lewis & Bockius LLP as to legality (including consent of such firm). 5.2 Opinion of Richards, Layton & Finger, P.A. with respect to due authorization, enforceability and legality (including consent of such firm). 8.1 Opinion of Morgan, Lewis & Bockius LLP as to certain tax matters (including consent of such firm). 23.1 Consent of Morgan, Lewis & Bockius LLP (included in Exhibit 5.1 and Exhibit 8.1 ). 23.2 Consent of Richards, Layton & Finger, P.A. (included in Exhibit 5.2).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. EFCAR, LLC By: /s/ Jeff Briggs Name: Jeff Briggs Title: Assistant Vice President Date: September 30, 2024