0000929638-22-001537.txt : 20221013 0000929638-22-001537.hdr.sgml : 20221013 20221012195020 ACCESSION NUMBER: 0000929638-22-001537 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20221013 DATE AS OF CHANGE: 20221012 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Exeter Automobile Receivables Trust 2022-5 CENTRAL INDEX KEY: 0001946318 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: 333-233850-10 FILM NUMBER: 221307813 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 eart2022-5_fwp.htm FREE WRITING PROSPECTUS
Free Writing Prospectus
Filed Pursuant to Rule 433
Dated October 12, 2022
Registration Statement Nos. 333-233850 and 333-233850-10

**PRICING DETAILS** Exeter Subprime Auto Loan (EART 2022-5)

Joint-Lead Managers: Wells Fargo (Str), Deutsche Bank, and J.P. Morgan
Co-Managers: BMO, BNP Paribas, and Mizuho

Anticipated Capital Structure:
CL
Size(mm)
Offered(mm)
WAL^
S&P/F**
BENCH
SPD
YLD%
CPN%
$PRICE
A-1
$72.000
$68.400
0.13
A-1+/F1+
I-Curv
+ 50
3.718
3.718
100.00000
A-2
$127.530
$121.153
0.50
AAA/AAA
I-Curv
+ 120
5.355
5.290
99.99705
A-3
$89.230
$84.768
1.14
AAA/AAA
I-Curv
+ 145
5.716
5.430
99.75812
B
$89.070
$84.616
1.87
AA/AA
I-Curv
+ 190
6.190
5.970
99.75030
C
$79.430
$75.458
2.65
A/A
I-Curv
+ 250
6.804
6.510
99.51731
D
$78.460
$74.537
3.51
BBB/BBB
I-Curv
+ 350
7.762
7.400
99.26642
E
$63.990
$60.790
4.44
BB/BB
I-Curv
+ 680
10.972
10.450
99.01746
^ WAL to 1.50% ABS to 5% Clean-Up Call
**Expected Ratings

-Deal Summary-
Offered Size : $569.722mm offered *Deal Will Not Grow*
Exp. Settle : 10/19/2022
Pxg Speed : 1.5% ABS to 5% Call
Offering Format (Class A-D): SEC REG | (Class E): 144A / Reg S / IAI
First Pay Date : 11/15/2022
ERISA Eligible : Yes (Class A-D) | No (Class E)
Exp. Ratings : S&P/Fitch
Min Denoms (Class A-D): $1k x $1k | (Class E): $854k x $1k
BBG Ticker : EART 2022-5
B&D : Wells Fargo

-Available Information-
* Preliminary Prospectus, Preliminary Offering Memorandum, FWP, and CDI : Attached
* Intex Deal Name : WSEART202205 Password: 7447
* Roadshow Link : https://dealroadshow.com | Passcode: EART225 (case sensitive)

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If this communication relates to an offering of US registered securities (i) a registration statement has been filed with the SEC, (ii) before investing you should read the filed documents, and (iii) you may obtain these documents from your sales representative, by calling 1-800-326-5897 or visiting www.sec.gov.