EFCAR, LLC Enters Material Definitive Agreement
| Field | Detail |
|---|---|
| Company | Efcar, LLC |
| Form Type | 8-K |
| Filed Date | Aug 19, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: asset-backed-securities, auto-loans, material-definitive-agreement
TL;DR
EFCAR, LLC's auto loan trust (2022-5) signed a big deal on Aug 13, 2025.
AI Summary
On August 13, 2025, Exeter Automobile Receivables Trust 2022-5, managed by EFCAR, LLC, entered into a material definitive agreement. This filing is a current report (8-K) related to asset-backed securities, specifically auto loans.
Why It Matters
This filing indicates a significant contractual event for Exeter Automobile Receivables Trust 2022-5, likely impacting its operations and financial structure related to auto loan securitization.
Risk Assessment
Risk Level: medium — Material definitive agreements can introduce new risks or obligations for the entities involved, particularly in the context of asset-backed securities.
Key Players & Entities
- EFCAR, LLC (company) — Filer and manager of the trust
- Exeter Automobile Receivables Trust 2022-5 (company) — Issuing entity for auto loan asset-backed securities
- August 13, 2025 (date) — Date of the earliest event reported
- August 19, 2025 (date) — Filing date of the 8-K report
FAQ
What specific type of material definitive agreement was entered into by Exeter Automobile Receivables Trust 2022-5?
The filing does not specify the exact nature of the material definitive agreement, only that one was entered into on August 13, 2025.
What is the primary business of Exeter Automobile Receivables Trust 2022-5?
The primary business is related to auto loans, as indicated by the asset class 'Auto loans' and the name 'Exeter Automobile Receivables Trust'.
Who is the managing entity for Exeter Automobile Receivables Trust 2022-5?
EFCAR, LLC is identified as the managing entity or filer for Exeter Automobile Receivables Trust 2022-5.
What is the SIC code associated with EFCAR, LLC and Exeter Automobile Receivables Trust 2022-5?
The Standard Industrial Classification (SIC) code for both entities is 6189, which corresponds to Asset-Backed Securities.
When was this 8-K filing submitted to the SEC?
This 8-K filing was submitted on August 19, 2025.
Filing Stats: 728 words · 3 min read · ~2 pages · Grade level 13.2 · Accepted 2025-08-19 14:10:43
Filing Documents
- exeter2022-5_a8k.htm (8-K) — 28KB
- exeter20225_exhibit4-6.htm (EX-4.6) — 45KB
- exeter20225_exhibit4-7.htm (EX-4.7) — 41KB
- 0000929638-25-003091.txt ( ) — 116KB
01
Item 1.01 . Entry into a Material Definitive Agreement . On August 13, 2025, EFCAR, LLC, Wilmington Trust Company, Exeter Automobile Receivables Trust 2022-5, Exeter Holdings Trust 2022-5 and Citibank, N.A. entered into an Omnibus Amendment, as acknowledged and agreed to by Exeter Finance LLC, constituting (i) Amendment No. 1 to that certain Amended and Restated Trust Agreement of Exeter Auto Receivables Trust 2022-5, dated as of September 18, 2022, and (ii) Amendment No. 1 to that certain Indenture, dated as of September 18, 2022, for the purpose of documenting the right, but not the obligation, of the holders of the equity of Exeter Auto Receivables Trust 2022-5 to make capital contributions to Exeter Auto Receivables Trust 2022-5. On August 13, 2025, Exeter Finance LLC, EFCAR, LLC, Exeter Automobile Receivables Trust 2022-2, Exeter Automobile Receivables Trust 2022-3, Exeter Automobile Receivables Trust 2022-4 and Exeter Automobile Receivables Trust 2022-5 entered into a Capital Contribution Agreement, as acknowledged and agreed to by Citibank, N.A., as indenture trustee, pursuant to which EFCAR, LLC, as a holder of the equity of each of Exeter Automobile Receivables Trust 2022-2, Exeter Automobile Receivables Trust 2022-3, Exeter Automobile Receivables Trust 2022-4 and Exeter Automobile Receivables Trust 2022-5, may make certain limited capital contributions to each of such trusts.
Financial Statements and Exhibits
Financial Statements and Exhibits . (a) Not applicable. (b) Not applicable. (c) Not applicable. (d) Exhibits: Exhibit No . Description 4.6 Omnibus Amendment, dated as of August 13, 2025, among EFCAR, LLC, Wilmington Trust Company, Exeter Automobile Receivables Trust 2022-5, Exeter Holdings Trust 2022-5 and Citibank, N.A., and acknowledged and agreed to by Exeter Finance LLC, constituting (i) Amendment No. 1 to that certain Amended and Restated Trust Agreement of Exeter Auto Receivables Trust 2022-5, dated as of September 18, 2022, and (ii) Amendment No. 1 to that certain Indenture, dated as of July 17, 2022. 4.7 Capital Contribution Agreement, dated as of August 13, 2025, among Exeter Finance LLC, EFCAR, LLC, Exeter Automobile Receivables Trust 2022-2, Exeter Automobile Receivables Trust 2022-3, Exeter Automobile Receivables Trust 2022-4 and Exeter Automobile Receivables Trust 2022-5, and acknowledged and agreed to by Citibank, N.A., as indenture trustee.
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: August 18, 2025