{"filing":{"accession_number":"0000929638-26-002278","cik":"0001654238","ticker":null,"company_name":"EFCAR, LLC","form":"8-K","filing_date":"2026-06-18","report_date":null,"primary_document":"eart2026-3_8k.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1654238/000092963826002278/eart2026-3_8k.htm"},"events":[{"id":11874,"run_id":10448,"accession_number":"0000929638-26-002278","anchor_item_number":"1.01","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.82,"summary":"EFCAR entered into a series of interconnected agreements to acquire sub-prime automobile loan receivables from Exeter under a Purchase Agreement dated May 31, 2026, and securitize them through Exeter Automobile Receivables Trust 2026-3, with approximately $1.29 billion in asset-backed notes issued under an Underwriting Agreement dated June 16, 2026. This material acquisition and securitization transaction significantly affects the registrant's financing, capital structure, and financial position.","company_name":"EFCAR, LLC","ticker":null,"filing_date":"2026-06-18","form":"8-K","submitted_at":null,"items":[{"id":8573,"accession_number":"0000929638-26-002278","item_number":"1.01","item_title":null,"event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.75,"reasoning":"This disclosure describes entry into a material definitive agreement—specifically an Underwriting Agreement dated June 16, 2026, for the issuance of approximately $1.29 billion in asset-backed notes across eight classes by Exeter Automobile Receivables Trust 2026-3. While the primary event is a financing/capital-raising transaction rather than a traditional M\u0026A activity, the magnitude and structured nature of the note issuance, combined with the explicit Item 1.01 classification and the involvement of major underwriters (Wells Fargo, Barclays, J.P. Morgan), indicates a material transaction that would affect investor assessment of the registrant's capital structure and financial position.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-18T20:22:10.194008+00:00","company_name":"","ticker":null,"filing_date":""},{"id":8574,"accession_number":"0000929638-26-002278","item_number":"8.01","item_title":null,"event_type":"other_material","event_domain":"catchall","is_material":true,"confidence":0.75,"reasoning":"This Item 8.01 disclosure describes the closing of a securitization transaction involving the transfer of sub-prime automobile loan receivables through a series of agreements (Purchase Agreement, Sale and Servicing Agreement, Contribution Agreement, Indenture, etc.) and the issuance of Notes. While this is a material capital markets event for the trust, it does not fit cleanly into the standard taxonomy categories—it is neither a traditional M\u0026A activity (no acquisition or disposition of the registrant itself), nor an earnings release, impairment, or other enumerated event. The filing satisfies an undertaking to file executed agreements related to the securitization offering, making it a material disclosure of the trust's primary business activity.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-18T20:22:10.194008+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":8573,"accession_number":"0000929638-26-002278","item_number":"1.01","item_title":null,"event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.75,"reasoning":"This disclosure describes entry into a material definitive agreement—specifically an Underwriting Agreement dated June 16, 2026, for the issuance of approximately $1.29 billion in asset-backed notes across eight classes by Exeter Automobile Receivables Trust 2026-3. While the primary event is a financing/capital-raising transaction rather than a traditional M\u0026A activity, the magnitude and structured nature of the note issuance, combined with the explicit Item 1.01 classification and the involvement of major underwriters (Wells Fargo, Barclays, J.P. Morgan), indicates a material transaction that would affect investor assessment of the registrant's capital structure and financial position.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-18T20:22:10.194008+00:00","company_name":"EFCAR, LLC","ticker":null,"filing_date":"2026-06-18"},{"id":8574,"accession_number":"0000929638-26-002278","item_number":"8.01","item_title":null,"event_type":"other_material","event_domain":"catchall","is_material":true,"confidence":0.75,"reasoning":"This Item 8.01 disclosure describes the closing of a securitization transaction involving the transfer of sub-prime automobile loan receivables through a series of agreements (Purchase Agreement, Sale and Servicing Agreement, Contribution Agreement, Indenture, etc.) and the issuance of Notes. While this is a material capital markets event for the trust, it does not fit cleanly into the standard taxonomy categories—it is neither a traditional M\u0026A activity (no acquisition or disposition of the registrant itself), nor an earnings release, impairment, or other enumerated event. The filing satisfies an undertaking to file executed agreements related to the securitization offering, making it a material disclosure of the trust's primary business activity.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-18T20:22:10.194008+00:00","company_name":"EFCAR, LLC","ticker":null,"filing_date":"2026-06-18"}]}