---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-100828"
form_type: "8-K"
ticker: null
cik: "0001383094"
company_name: "SANTANDER DRIVE AUTO RECEIVABLES LLC"
filed_at: "2024-04-18T23:59:59+00:00"
generated_at: "2026-06-03T18:33:45.808206+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "medium"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-24-100828
- form_type: 8-K
- cik: 0001383094
- company_name: SANTANDER DRIVE AUTO RECEIVABLES LLC
- filed_at: 2024-04-18T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: medium
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1383094/000119312524100828/0001193125-24-100828-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1383094/000119312524100828/d823068d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-100828
- JSON: https://secwatch.observer/filing/0001193125-24-100828.json
- Plain text: https://secwatch.observer/filing/0001193125-24-100828.txt

## Key facts
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1383094/000119312524100828/0001193125-24-100828-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.