{"filing":{"accession_number":"0000929638-26-003629","cik":"0001654238","ticker":null,"company_name":"EFCAR, LLC","form":"8-K","filing_date":"2026-09-24","report_date":"2026-09-22","primary_document":"esart2026-2_8k.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1654238/000092963826003629/esart2026-2_8k.htm"},"events":[{"id":34833,"run_id":32072,"accession_number":"0000929638-26-003629","anchor_item_number":"1.01","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"summary":"EFCAR entered into an Underwriting Agreement on September 22, 2026, for the issuance of multiple classes of asset-backed notes totaling approximately $505.1 million by Exeter Select Automobile Receivables Trust 2026-2, with closing expected September 28, 2026.","company_name":"EFCAR, LLC","ticker":null,"filing_date":"2026-09-24","form":"8-K","submitted_at":null,"items":[{"id":38678,"accession_number":"0000929638-26-003629","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 $505.1 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 September 22, 2026 with major underwriters including Mizuho Securities, Citigroup, and Wells Fargo. This constitutes creation of a new direct financial obligation and is a material debt issuance typical of securitization transactions.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-24T18:22:48.871980+00:00","company_name":"","ticker":null,"filing_date":""},{"id":38679,"accession_number":"0000929638-26-003629","item_number":"8.01","item_title":null,"event_type":"operational_other","event_domain":"operational","is_material":true,"confidence":0.75,"reasoning":"This disclosure describes the closing of a securitization transaction in which Exeter Select Automobile Receivables Trust 2026-2 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 the filing is structured as an Item 8.01 \"Other Events\" disclosure of agreements to be executed, the substance is a material securitization closing—a significant operational and financial event for this special-purpose trust vehicle. This does not fit neatly into the M\u0026A taxonomy (which typically applies to acquisitions of operating companies) but is clearly a material operational/financial event central to the trust's purpose and investor interests.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-24T18:22:48.871980+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":38678,"accession_number":"0000929638-26-003629","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 $505.1 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 September 22, 2026 with major underwriters including Mizuho Securities, Citigroup, and Wells Fargo. This constitutes creation of a new direct financial obligation and is a material debt issuance typical of securitization transactions.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-24T18:22:48.871980+00:00","company_name":"EFCAR, LLC","ticker":null,"filing_date":"2026-09-24"},{"id":38679,"accession_number":"0000929638-26-003629","item_number":"8.01","item_title":null,"event_type":"operational_other","event_domain":"operational","is_material":true,"confidence":0.75,"reasoning":"This disclosure describes the closing of a securitization transaction in which Exeter Select Automobile Receivables Trust 2026-2 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 the filing is structured as an Item 8.01 \"Other Events\" disclosure of agreements to be executed, the substance is a material securitization closing—a significant operational and financial event for this special-purpose trust vehicle. This does not fit neatly into the M\u0026A taxonomy (which typically applies to acquisitions of operating companies) but is clearly a material operational/financial event central to the trust's purpose and investor interests.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-24T18:22:48.871980+00:00","company_name":"EFCAR, LLC","ticker":null,"filing_date":"2026-09-24"}]}