Santander Drive Auto 2024-2 Trust prices ABS notes with coupons 5.598%-6.28%

SANTANDER DRIVE AUTO RECEIVABLES LLC

Underwriting agreement executed on April 16, 2024; closing expected April 24, 2024.
Public notes: Class A-2 5.80%, A-3 5.63%, B 5.78%, C 5.84%, D 6.28%; Class A-1 5.598% retained.
Notes backed by auto loan receivables originated by Santander Consumer USA Inc.
Standard transaction documents filed, including purchase, sale & servicing, administration, trust, and asset review agreements.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

SANTANDER DRIVE AUTO RECEIVABLES LLC entered into Underwriting Agreement with Barclays Capital Inc., on behalf of itself and as representative of the several underwriters (effective 2024-04-16).

Action: entry
Agreement: underwriting
Counterparty: Barclays Capital Inc., on behalf of itself and as representative of the several underwriters
Effective: 2024-04-16

Exact text from the filing

On April 16, 2024, Santander Drive Auto Receivables LLC (“Santander Drive”) and Santander Consumer USA Inc. (“SC”) entered into an Underwriting Agreement (the “Underwriting Agreement”) with Barclays Capital Inc., on behalf of itself and as representative of the several underwriters (collectively, the “Underwriters”), for the sale of the following notes to be issued by Santander Drive Auto Receivables Trust 2024-2

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Source: SEC EDGAR

accession 0001193125-24-100828

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