Exeter Automobile Receivables Trust 2022-5, the issuer of the trust, filed a Current Report on Form 8-K with the U.S. Securities and Exchange Commission on October 13, 2026. The filing details the execution of a Capital Contribution Agreement and an amendment to the Sale and Servicing Agreement.
The Capital Contribution Agreement was entered into on October 13, 2026, by Exeter Finance LLC, EFCAR, LLC, Exeter Automobile Receivables Trust 2022-5, Exeter Automobile Receivables Trust 2022-6, and Citibank, N.A. acting as indenture trustee. Under this agreement, EFCAR, LLC, as the holder of the equity of the trusts, is permitted to make certain limited capital contributions to Exeter Automobile Receivables Trust 2022-5 and Exeter Automobile Receivables Trust 2022-6.
Separately, on the same date, Exeter Holdings Trust 2022-5, EFCAR, LLC, Exeter Finance LLC, Exeter Automobile Receivables Trust 2022-5, and Citibank, N.A. as indenture trustee and backup servicer executed Amendment No. 1 to the Sale and Servicing Agreement. This amendment, which modifies the original agreement dated September 18, 2022, alters defined terms regarding the deposit of capital contributions into the Reserve Account and the withdrawal and application of such contributed amounts.
