secwatch.observer — SEC 8-K summary
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Issuer:     SANTANDER DRIVE AUTO RECEIVABLES LLC (—)
CIK:        0001383094
Form:       8-K
Filed at:   2025-04-01T23:59:59+00:00
Accession:  0001193125-25-070453
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 6.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Servicer change for Santander Drive Auto Receivables Trust 2023-4: SBNA replaces SC effective April 1, 2025
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- On April 1, 2025, servicing transferred from SC to SBNA as successor servicer for the Issuing Entity and over 20 other SC securitizations.
- SBNA is a national bank subsidiary of Santander Holdings USA, Inc.; prior to transition it serviced SC-sponsored deals since 2023.
- Omnibus Amendment adjusts indemnities and repurchase obligations for certain servicer representations from SC as servicer to SC individually.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1383094/000119312525070453/0001193125-25-070453-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1383094/000119312525070453/d915854d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-070453

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