{"filing":{"accession_number":"0000929638-26-003268","cik":"0001654238","ticker":null,"company_name":"EFCAR, LLC","form":"8-K","filing_date":"2026-08-28","report_date":"2026-08-26","primary_document":"eart2026-4_8k.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1654238/000092963826003268/eart2026-4_8k.htm"},"events":[{"id":30242,"run_id":27722,"accession_number":"0000929638-26-003268","anchor_item_number":"1.01","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.9,"summary":"EFCAR and Exeter Finance LLC entered into an Underwriting Agreement on August 26, 2026, for the issuance of approximately $961 million in aggregate principal amount of asset-backed notes across eight classes by Exeter Automobile Receivables Trust 2026-4, with closing expected August 31, 2026. The filing also discloses execution of multiple agreements related to the securitization transaction involving transfer of sub-prime automobile loan receivables and issuance of notes backed by those receivables.","company_name":"EFCAR, LLC","ticker":null,"filing_date":"2026-08-28","form":"8-K","submitted_at":null,"items":[{"id":32787,"accession_number":"0000929638-26-003268","item_number":"1.01","item_title":null,"event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"The Trust is issuing approximately $961 million in aggregate principal amount of asset-backed notes across eight classes (A-1, A-2, A-3, B, C, D, E, and N) pursuant to an Underwriting Agreement dated August 26, 2026 with major underwriters including Wells Fargo, BMO, Deutsche Bank, and J.P. Morgan. This constitutes creation of a new direct financial obligation and is a material debt issuance event under Item 1.01.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-28T14:29:45.033561+00:00","company_name":"","ticker":null,"filing_date":""},{"id":32788,"accession_number":"0000929638-26-003268","item_number":"8.01","item_title":null,"event_type":"financial_other","event_domain":"financial","is_material":true,"confidence":0.75,"reasoning":"This disclosure describes the closing of a securitization transaction in which Exeter Automobile Receivables Trust 2026-4 will acquire sub-prime automobile loan receivables through a series of interconnected agreements (Purchase Agreement, Sale and Servicing Agreement, Contribution Agreement, Indenture, etc.) and issue Notes backed by those receivables. While this is a material financial event involving the creation of new debt obligations and asset transfers, it does not fit neatly into the specific categories of debt_issuance (which typically covers direct debt creation by the registrant itself) or ma_activity (which covers acquisitions or dispositions). The event is clearly financial in nature and material to investors, but the securitization structure and the filing of forms to satisfy undertakings make it best classified as a financial event that does not fit a single named category.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-28T14:29:45.033561+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":32787,"accession_number":"0000929638-26-003268","item_number":"1.01","item_title":null,"event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"The Trust is issuing approximately $961 million in aggregate principal amount of asset-backed notes across eight classes (A-1, A-2, A-3, B, C, D, E, and N) pursuant to an Underwriting Agreement dated August 26, 2026 with major underwriters including Wells Fargo, BMO, Deutsche Bank, and J.P. Morgan. This constitutes creation of a new direct financial obligation and is a material debt issuance event under Item 1.01.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-28T14:29:45.033561+00:00","company_name":"EFCAR, LLC","ticker":null,"filing_date":"2026-08-28"},{"id":32788,"accession_number":"0000929638-26-003268","item_number":"8.01","item_title":null,"event_type":"financial_other","event_domain":"financial","is_material":true,"confidence":0.75,"reasoning":"This disclosure describes the closing of a securitization transaction in which Exeter Automobile Receivables Trust 2026-4 will acquire sub-prime automobile loan receivables through a series of interconnected agreements (Purchase Agreement, Sale and Servicing Agreement, Contribution Agreement, Indenture, etc.) and issue Notes backed by those receivables. While this is a material financial event involving the creation of new debt obligations and asset transfers, it does not fit neatly into the specific categories of debt_issuance (which typically covers direct debt creation by the registrant itself) or ma_activity (which covers acquisitions or dispositions). The event is clearly financial in nature and material to investors, but the securitization structure and the filing of forms to satisfy undertakings make it best classified as a financial event that does not fit a single named category.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-28T14:29:45.033561+00:00","company_name":"EFCAR, LLC","ticker":null,"filing_date":"2026-08-28"}]}