0000929638-24-001858.txt : 20240521 0000929638-24-001858.hdr.sgml : 20240521 20240521171246 ACCESSION NUMBER: 0000929638-24-001858 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240521 DATE AS OF CHANGE: 20240521 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Exeter Automobile Receivables Trust 2024-3 CENTRAL INDEX KEY: 0002021010 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] ORGANIZATION NAME: Office of Structured Finance STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-268757-08 FILM NUMBER: 24970623 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] ORGANIZATION NAME: Office of Structured Finance 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 eart2024-3_fwp.htm FREE WRITING PROSPECTUS
Free Writing Prospectus
Filed Pursuant to Rule 433
Dated May 21, 2024
Registration Statement Nos. 333-268757 and 333-268757-08

 **Priced** $815+mm ($774.678mm Offered) Exeter (EART 2024-3) Subprime Auto

Jt-Bookrunners: Deutsche Bank (str); J.P. Morgan; Mizuho
Co-Managers : Barclays; Citi; Citizens

-- Anticipated Capital Structure --
CL
SIZE($MM)
OFFRD($MM)
WAL*
S/M**
P.WIN
E MTY.
L MTY.
BNCH
SPRD
YLD(%)
A1
86.900
82.555
0.13
A-1+/P-1
1-3
08/24
06/16/25
I-CRV
+ 22
5.598
A2
205.000
194.750
0.58
AAA/Aaa
3-13
06/25
02/15/27
I-CRV
+ 56
5.893
A3
84.295
80.080
1.28
AAA/Aaa
13-19
12/25
12/15/27
I-CRV
+ 68
5.720
B
100.899
95.854
1.83
AA/Aaa
19-26
07/26
09/15/28
I-CRV
+ 78
5.644
C
120.904
114.858
2.55
A/Aa1
26-36
05/27
07/16/29
I-CRV
+ 108
5.778
D
129.603
123.122
3.49
BBB/Baa1
36-49
06/28
09/16/30
I-CRV
+ 150
6.061
E
87.852
83.459
4.49
BB-/NR
49-57
02/29
10/15/31
I-CRV
+ 350
7.973
*WAL Pricing Speed: 1.50% ABS to 5% call
**Expected Ratings

- TRANSACTION SUMMARY -
Size : $815+mm ($774.678mm Offered) *NO GROW*
Exp Pricing : *Priced*
Exp Ratings : S&P / Moody's
Exp Settle : May 28th, 2024
First Pay : June 17th, 2024
ERISA : A-D = YES; E = NO
Registration: A-D = Public; E= 144A/Reg S/IAI
Min Denoms : A-D = 1k x 1k; E = 1,156k x 1k
Delivery : DTC, Euroclear, Clearstream
B&D : Deutsche Bank

-Available Information-
* Preliminary Prospectus, Ratings FWP, Offering Memorandum and CDI File (attached)
* Intex Deal Name: dbEART2403 Password: V6VK
* Deal Roadshow Link: https://dealroadshow.com/e/EART243 Passcode: EART243


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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.