Santander Drive Auto Receivables Trust 2026-1 issues notes in auto loan securitization

SANTANDER DRIVE AUTO RECEIVABLES LLC

Notes issued: A-2 4.04%, A-3 3.93%, B 4.07%, C 4.26%, D 4.75%; A-1 3.909% and E 6.41% retained by trust.
Closing date Feb 25, 2026; underwriting agreement with Citigroup Global Markets Inc. signed Feb 18.
Proceeds from note sale will purchase auto loan receivables from Santander Consumer USA (sponsor).
Trust secured by retail installment contracts on new/used vehicles; servicer is Santander Bank, N.A.

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 Citigroup Global Markets Inc., on behalf of itself and as representative of the several underwriters (effective 2026-02-18).

Action: entry
Agreement: underwriting
Counterparty: Citigroup Global Markets Inc., on behalf of itself and as representative of the several underwriters
Effective: 2026-02-18

Exact text from the filing

On February 18, 2026, Santander Drive Auto Receivables LLC (“Santander Drive”) and Santander Consumer USA Inc. (“SC”) entered into an Underwriting Agreement (the “Underwriting Agreement”) with Citigroup Global Markets 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 2026-1 (the “Issuer”): the Class A-2 4.04% Auto Loan Asset Backed Notes, the Class A-3 3.93% Auto Loan Asset Backed Notes, the Class B 4.07% Auto Loan Asset Backed Notes, the Class C 4.26% Auto Loan Asset Backed Notes and the Class D 4.75% Auto Loan Asset Backed Notes (collectively, the “Publicly Registered Notes”).

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Source: SEC EDGAR

accession 0001193125-26-061427

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