0000929638-21-000102.txt : 20210126 0000929638-21-000102.hdr.sgml : 20210126 20210125192508 ACCESSION NUMBER: 0000929638-21-000102 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20210126 DATE AS OF CHANGE: 20210125 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Exeter Automobile Receivables Trust 2021-1 CENTRAL INDEX KEY: 0001837985 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: 333-233850-02 FILM NUMBER: 21551263 BUSINESS ADDRESS: STREET 1: 222 W LAS COLINAS BLVD SUITE 1800 CITY: IRVING STATE: TX ZIP: 75039 BUSINESS PHONE: 214.572.8256 MAIL ADDRESS: STREET 1: 222 W LAS COLINAS BLVD SUITE 1800 CITY: IRVING STATE: TX ZIP: 75039 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: 222 W LAS COLINAS BLVD SUITE 1800 CITY: IRVING STATE: TX ZIP: 75039 BUSINESS PHONE: 214.572.8256 MAIL ADDRESS: STREET 1: 222 W LAS COLINAS BLVD SUITE 1800 CITY: IRVING STATE: TX ZIP: 75039 FWP 1 a20210069_fwp.htm
Free Writing Prospectus
Filed Pursuant to Rule 433
Dated January 25, 2021
Registration Statement Nos. 333-233850 and 333-233850-02

** UPDATED MIN DENOM CLS E

Joint Leads: Barclays (str), Wells Fargo
Co-Managers: Blackstone, Citi, Citizens, Deutsche Bank

Anticipated Capital Structure:
CL
$AMT
WAL
Rtg(M/S)
WIN
E.FINAL
SPREAD
YIELD
COUPON
PRICE
A-1
108.000
0.13
P-1/A-1+
1-2
04/21
IntL+3
  
0.17472%
100.00000
A-2
313.050
0.50
Aaa/AAA
2-10
12/21
EDSF+13
0.301%
0.30%
99.99960
A-3
107.480
1.13
Aaa/AAA
10-16
06/22
EDSF+16
0.342%
0.34%
99.99802
B
158.090
1.70
Aa2/AA
16-24
02/23
EDSF+32
0.506%
0.50%
99.99072
C
182.870
2.53
A2/A
24-36
02/24
IntS+52
0.751%
0.74%
99.97536
D
135.670
3.45
Baa3/BBB
36-47
01/25
IntS+78
 1.092%
1.08%
99.96778
E
108.540
4.03
NR/BB
47-48
02/25
IntS+185
2.229%
2.21%
99.96635
- Transaction Details -
 
*
Ticker: EART 2021-1
    
 
*
Expected Settle: 2/3/2021
    
 
*
Deal Size: $1.113+bn
    
 
*
First Pay Date: 3/15/2021
    
 
*
Registration:
*
ERISA Eligible:
   
Classes A-D: SEC Reg
  
Classes A-D: Yes
   
Class E: 144A / Reg S / IAI
  
Class E: No
 
*
Expected Ratings: Moody’s, S&P
    
     
*
Min Denoms:
 
*
Pricing Speed: 1.50% ABS to 10% Call
  
Classes A-D: $1K x $1K
       
Class E: $1.155mm x $1K
 
*
Expected Pricing : PRICED
    

- Materials -
 
*
Prelim Prospectus/POM: Attached
 
*
Ratings FWP : Attached
 
*
Intex Dealname : bcgeart_2021-1 / PW: 4UJ7
 
*
Roadshow URL : https://dealroadshow.com
   
Entry Code (Case Sensitive): EART211

The issuer has filed a registration statement (including a prospectus) with the U.S. Securities and Exchange Commission (SEC) for this offering. Before you invest, you should read the prospectus for this offering in that registration statement, and other documents that 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 searching the SEC online database (EDGAR) at www.sec.gov. Alternatively, you may obtain a copy of the prospectus from Barclays Capital Inc. By calling 1-888-603-5847.