Efcar LLC

09/26/2024 | Press release | Distributed by Public on 09/26/2024 14:49

Material Event Form 8 K

Item 1.01
Entry into a Material Definitive Agreement.
On or about September 30, 2024 (the "Closing Date"), Exeter Automobile Receivables Trust 2024-5, a Delaware statutory trust (the "Trust"), will issue the following classes of notes in the following amounts: (i) Class A-1 Asset-Backed Notes in the aggregate original principal amount of $99,000,000; (ii) Class A-2 Asset-Backed Notes in the aggregate original principal amount of $178,380,000; (iii) Class A-3 Asset-Backed Notes in the aggregate original principal amount of $113,620,000; (iv) Class B Asset-Backed Notes in the aggregate original principal amount of $155,720,000; (v) Class C Asset-Backed Notes in the aggregate original principal amount of $133,260,000; (vi) Class D Asset-Backed Notes in the aggregate original principal amount of $133,760,000; and (vii) Class E Asset-Backed Notes in the aggregate original principal amount of $107,390,000 (collectively, the "Notes"). Certain of the Notes will be registered under the Registration Statement filed by EFCAR, LLC ("EFCAR") with the Securities and Exchange Commission under file number 333-268757 (the "Registration Statement").
On September 24, 2024, EFCAR and Exeter Finance LLC ("Exeter") entered into an Underwriting Agreement, dated as of September 24, 2024 (the "Underwriting Agreement"), with Barclays Capital Inc., J.P. Morgan Securities LLC, and Mizuho Securities USA LLC, acting on behalf of themselves and as representatives of the several underwriters named therein, for the sale of certain of the Notes. Attached as Exhibit 1.1 is the Underwriting Agreement.