Efcar LLC
11/05/2025 | Press release | Distributed by Public on 11/05/2025 05:00
Free Writing Prospectus (Form FWP)
Free Writing Prospectus
Filed Pursuant to Rule 433
Dated November 4, 2025
Registration Statement Nos. 333-268757 and 333-268757-18
**PRICING DETAILS** $1.2BN Offered Exeter Automobile Receivables Trust (EART) 2025-5 Subprime Auto ABS
Joint Bookrunners: Wells Fargo Securities (str), Barclays, Deutsche Bank Securities, and Mizuho
Co-Managers: BNP Paribas, Citigroup
-Capital Structure-
|
CL
|
Size($MM)*
|
Offered($MM)*
|
S&P/M**
|
WAL^
|
P. WIN^
|
E. MTY^
|
L. MTY
|
BENCH
|
Spread
|
YLD%
|
CPN%
|
$PRICE
|
|
A-1
|
$122.000
|
$115.900
|
A-1+/P-1
|
0.13
|
01-03
|
02/2026
|
11/2026
|
I-CRV
|
26
|
4.201
|
4.201
|
100.00000
|
|
A-2
|
$264.280
|
$251.066
|
AAA/Aaa
|
0.54
|
03-11
|
10/2026
|
06/2028
|
I-CRV
|
63
|
4.421
|
4.380
|
99.99961
|
|
A-3
|
$245.480
|
$233.206
|
AAA/Aaa
|
1.41
|
11-23
|
10/2027
|
11/2029
|
I-CRV
|
65
|
4.279
|
4.240
|
99.99821
|
|
B
|
$132.330
|
$125.713
|
AA/Aaa
|
2.15
|
23-29
|
04/2028
|
07/2030
|
I-CRV
|
75
|
4.327
|
4.280
|
99.98258
|
|
C
|
$135.510
|
$128.734
|
A/Aa3
|
2.74
|
29-37
|
12/2028
|
03/2032
|
I-CRV
|
115
|
4.733
|
4.680
|
99.98210
|
|
D
|
$173.690
|
$165.005
|
BBB/Baa3
|
3.52
|
37-48
|
11/2029
|
03/2032
|
I-CRV
|
160
|
5.216
|
5.160
|
99.99939
|
|
E
|
$141.870
|
$134.776
|
BB-/NR
|
4.44
|
48-56
|
07/2030
|
06/2033
|
I-CRV
|
360
|
7.265
|
7.150
|
99.97195
|
** Expected Ratings
^ 1.50% ABS to 5.00% Clean-Up Call
-Transaction Summary-
Issued Size: $1,215,160,000
Offered Size: $1,154,400,000
Exp. Settle: 11/17/2025
First Pay Date: 12/15/2025
Pxg Speed: 1.50% ABS to 5.00% Call
Offering Format: (Class A-D): SEC REG | (Class E): 144A / Reg S / IAI
ERISA Eligible: (Class A-D): Yes | (Class E): No
Exp. Ratings: S&P/Moody's
Min Denoms: (Class A-D): $1k x $1k | (Class E): $1,867,000 x $1k
BBG Ticker: EART 2025-5
B&D: Wells Fargo Securities
-Available Information-
Preliminary Prospectus: Attached
Preliminary Offering Memorandum: Attached
Ratings FWP: Attached
Intex CDI: Attached
Intexnet Deal Name: wseart202505 | Password: KB72
Dealroadshow: https://dealroadshow.com | Code: EART20255
Dealroadshow Direct Link: https://dealroadshow.com/e/EART20255
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EFCAR, LLC has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents EFCAR, LLC has filed with the SEC for more complete information about EFCAR, LLC, Exeter Automobile Receivables Trust 2025-5 and this offering. You may get these documents for free by visiting EDGAR on the SEC web site at www.sec.gov. Alternatively, EFCAR, LLC, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-645-3751.
Efcar LLC published this content on November 05, 2025, and is solely responsible for the information contained herein. Distributed via Edgar on November 05, 2025 at 11:01 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]