Santander Drive Auto Receivables Trust 2025-1 closes securitization, issues notes with rates 4.520%-5.41%

SANTANDER DRIVE AUTO RECEIVABLES LLC

Trust closed on May 28, 2025, issuing six classes of asset-backed notes: Class A-1 4.520%, A-2 4.87%, A-3 4.73%, B 4.79%, C 4.99%, D 5.41%.
Santander Consumer USA transferred auto loan receivables to the trust; Santander Bank N.A. named servicer.
Notes sold to underwriters including Wells Fargo Securities, RBC Capital Markets, and Santander US Capital Markets.
Aggregate principal amount of the notes is not disclosed in the 8-K filing.

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