EFCAR, LLC: enters capital contribution and amendment agreements

What happened EFCAR, LLC reported that on Oct 13, 2026 it entered into a Capital Contribution Agreement among Exeter Finance LLC, EFCAR, LLC, Exeter Automobile Receivables Trust 2022-5 and Exeter Automobile Receivables Trust 2022-6, acknowledged and agreed to by Citibank, N.A., as indenture trustee. The filing says EFCAR, LLC, as a holder of the equity of each trust, may make certain limited capital contributions to each trust.

The filing also says that on Oct 13, 2026 Exeter Holdings Trust 2022-5, EFCAR, LLC, Exeter Finance LLC, Exeter Automobile Receivables Trust 2022-5 and Citibank, N.A., as indenture trustee and backup servicer, entered into Amendment No. 1 to the Sale and Servicing Agreement dated Sep 18, 2022, to amend and add defined terms related to the deposit of capital contributions into the Reserve Account and the withdrawal and application of such contributed amounts.

Key details

• Date of agreements: Oct 13, 2026.
• Capital Contribution Agreement parties: Exeter Finance LLC, EFCAR, LLC, Exeter Automobile Receivables Trust 2022-5, Exeter Automobile Receivables Trust 2022-6; acknowledged by Citibank, N.A., as indenture trustee.
• Amendment No. 1 parties: Exeter Holdings Trust 2022-5, EFCAR, LLC, Exeter Finance LLC, Exeter Automobile Receivables Trust 2022-5, Citibank, N.A. (indenture trustee and backup servicer).
• Amendment No. 1 amends and adds defined terms in the Sale and Servicing Agreement related to deposit of capital contributions into the Reserve Account and withdrawal and application of those amounts.

Why it may matter This filing reports Item 1.01 (entry into a material definitive agreement) and covers a Capital Contribution Agreement that may allow EFCAR, LLC to make limited capital contributions to certain Exeter Automobile Receivables Trusts, plus an amendment to the Sale and Servicing Agreement addressing how contributed amounts are deposited to and withdrawn from the Reserve Account. The filing does not show why the company acted.