secwatch.observer — SEC 8-K summary
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Issuer:     SANTANDER DRIVE AUTO RECEIVABLES LLC (—)
CIK:        0001383094
Form:       8-K
Filed at:   2026-02-20T23:59:59+00:00
Accession:  0001193125-26-061427
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1383094/000119312526061427/0001193125-26-061427-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1383094/000119312526061427/d51529d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-061427

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