0000929638-22-000775.txt : 20220413 0000929638-22-000775.hdr.sgml : 20220413 20220412184428 ACCESSION NUMBER: 0000929638-22-000775 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20220413 DATE AS OF CHANGE: 20220412 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Exeter Automobile Receivables Trust 2022-2 CENTRAL INDEX KEY: 0001920761 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-233850-07 FILM NUMBER: 22823284 BUSINESS ADDRESS: STREET 1: 2101 W. JOHN CARPENTER FREEWAY CITY: IRVING STATE: TX ZIP: 75063 BUSINESS PHONE: (214) 572-8276 MAIL ADDRESS: STREET 1: 2101 W. JOHN CARPENTER FREEWAY CITY: IRVING STATE: TX ZIP: 75063 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: EFCAR, LLC CENTRAL INDEX KEY: 0001654238 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 453969432 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 2101 W. JOHN CARPENTER FREEWAY CITY: IRVING STATE: TX ZIP: 75063 BUSINESS PHONE: (214) 572-8276 MAIL ADDRESS: STREET 1: 2101 W. JOHN CARPENTER FREEWAY CITY: IRVING STATE: TX ZIP: 75063 FWP 1 eart2022-2_fwp.htm
Free Writing Prospectus
Filed Pursuant to Rule 433
Dated April 12, 2022
Registration Statement Nos. 333-233850 and 333-233850-07

**Full Pricing Details** Exeter Automobile Receivables Trust (EART) 2022-2

Jt-Bookrunners : Deutsche Bank (str); Wells Fargo
Co-Managers : Barclays; Citi

CL
SIZE($MM)
OFFERED($MM)
WAL*
S&P/KBRA**
BNCH#
SPRD
YLD(%)
CPN(%)
PX
A1
120.500
114.475
0.15
A-1+/K1+
I-CRV
+ 57
1.042
1.042
100.00000
A2
234.000
222.300
0.54
AAA/AAA
I-CRV
+ 95
2.201
2.19
99.99950
A3
201.740
191.653
1.22
AAA/AAA
I-CRV
+ 90
2.820
2.80
99.99577
B
159.680
151.696
2.00
AA/AA+
I-CRV
+ 125
3.681
3.65
99.99412
C
148.560
141.132
2.75
A/A+
I-CRV
+ 130
3.886
3.85
99.98727
D
144.470
137.246
3.60
BBB/BBB+
I-CRV
+ 195
4.605
4.56
99.99535
E
108.210
102.799
4.49
BB/BB+
I-CRV
+ 375
6.427
6.34
99.99008

* WAL to call
** Preliminary/Expected ratings from the listed agencies
# Bonds will be priced using the GC I25 Screen

– TRANSACTION SUMMARY –

• Size : $1.1bn+ ($1,061.301mm offered)
• Exp Ratings : S&P and Kroll
• Registration : A-D SEC Reg; E 144A/Reg S/IAI
• BBG Ticker : EART 2022-2
• Pricing Speed : 1.50 ABS 5% call
• Exp Settle : 04/20/2022
• Risk Retention : US = YES; EU = NO
• First Pay : 05/16/2022
• ERISA : A-D = YES; E = NO
• B&D : Deutsche Bank
• Min Denoms : A-D = 1k x 1k;
• Exp Pricing : *PRICED* : E = 1.443m x 1k

Available Information
• Attached: Prospectus, Preliminary Offering Memorandum, Intex CDI & Ratings FWP
• Intexnet Deal Name: dbeart2202  Password: U62B
• Dealroadshow : www.dealroadshow.com  Password: EART222 (case-sensitive)
• Bloomberg SSAP : DBEART2202

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The issuer has filed a registration statement (including a prospectus) with the SEC for the new offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling 1-800-503-4611.