EFCAR, LLC Enters Capital Contribution Agreement for Auto Trusts

What Happened
EFCAR, LLC reported on Form 8‑K (filed Sept 22, 2026) that on September 16, 2026 it entered into a Capital Contribution Agreement with Exeter Finance LLC and four Exeter Automobile Receivables Trusts (2022‑2, 2022‑3, 2022‑4 and 2022‑5). The agreement, dated September 15, 2026 and acknowledged by Citibank, N.A. as indenture trustee, permits EFCAR, LLC — as the equity holder of each listed trust — to make certain limited capital contributions to those trusts.

Key Details

• Parties: Exeter Finance LLC, EFCAR, LLC, Exeter Automobile Receivables Trusts 2022‑2/2022‑3/2022‑4/2022‑5; acknowledged by Citibank, N.A. (indenture trustee).
• Agreement date: September 15, 2026; effective/entered into: September 16, 2026.
• Scope: EFCAR, LLC may make specified, limited capital contributions to each of the four named automobile receivables trusts.
• Filing: Agreement is included as an exhibit to the 8‑K.

Why It Matters
For investors, this filing documents a formal mechanism that allows EFCAR, LLC to provide limited financial support to four securitization trusts for which it holds the equity. That can affect EFCAR’s potential future cash obligations or exposure related to those trusts and informs stakeholders about the company’s contractual responsibilities tied to its asset-backed structures. The 8‑K does not disclose contribution amounts or timing — only that such limited contributions are permitted under the agreement.