Exeter Automobile Receivables Trust 2022-5 Enters Material Agreement
| Field | Detail |
|---|---|
| Company | Exeter Automobile Receivables Trust 2022-5 |
| 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, material-agreement
TL;DR
Exeter Auto Trust 2022-5 signed a big deal on Aug 13, 2025. Details to follow.
AI Summary
On August 13, 2025, Exeter Automobile Receivables Trust 2022-5, through its servicer EFCAR, LLC, entered into a material definitive agreement. The filing also includes financial statements and exhibits related to this agreement. The specific details of the agreement and the financial statements are not elaborated upon in the provided text.
Why It Matters
This filing indicates a significant new agreement for the Exeter Automobile Receivables Trust 2022-5, which could impact its operations and financial structure related to auto loans.
Risk Assessment
Risk Level: medium — The filing indicates a material definitive agreement, which could introduce new risks or opportunities for the trust, but the specific nature of the agreement is not detailed.
Key Players & Entities
- Exeter Automobile Receivables Trust 2022-5 (company) — Issuing Entity
- EFCAR, LLC (company) — Servicer
- August 13, 2025 (date) — Date of earliest event reported
- August 19, 2025 (date) — Filing date
FAQ
What is the nature of the material definitive agreement entered into by Exeter Automobile Receivables Trust 2022-5?
The provided text states that Exeter Automobile Receivables Trust 2022-5 entered into a material definitive agreement on August 13, 2025, but does not specify the details of this agreement.
Who is the servicer for Exeter Automobile Receivables Trust 2022-5?
EFCAR, LLC is listed as the servicer for Exeter Automobile Receivables Trust 2022-5.
What is the primary asset class for Exeter Automobile Receivables Trust 2022-5?
The primary asset class for Exeter Automobile Receivables Trust 2022-5 is Auto loans.
When was this 8-K filing submitted to the SEC?
This 8-K filing was submitted to the SEC on August 19, 2025.
What items are being reported in this 8-K filing?
This 8-K filing reports on the 'Entry into a Material Definitive Agreement' and 'Financial Statements and Exhibits'.
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