Santander Drive Auto Receivables Trust 2026-1 issues notes with coupons from 3.909% to 6.41%

Also, on the Closing Date, the Issuer entered into an Indenture, dated as of the Closing Date (the “Indenture”), by and between the Issuer and the Indenture Trustee.

Santander Consumer USA Inc. (“SC”) and Santander Drive Auto Receivables LLC (“Santander Drive”) entered into a Purchase Agreement (the “Purchase Agreement”), dated as of February 25, 2026, (the “Closing Date”), pursuant to which SC transferred to Santander Drive certain motor vehicle retail installment sales contracts and installment loans relating to certain new and used automobiles, heavy-duty trucks, light-duty trucks, SUVs and vans (the “Receivables”) and related property.

On the Closing Date, the Issuer entered into a Sale Agreement, dated as of the Closing Date (the “Sale Agreement”), with Santander Drive, as seller, pursuant to which the Receivables and related property were transferred to the Issuer.

The Publicly Registered Notes were sold to Citigroup Global Markets Inc., RBC Capital Markets, LLC, Santander US Capital Markets LLC, Wells Fargo Securities, LLC, CastleOak Securities, L.P. and Samuel A. Ramirez & Company, Inc. (together, the “Underwriters”), pursuant to an Underwriting Agreement, dated as of February 18, 2026, by and among SC, Santander Drive and Citigroup Global Markets Inc., on behalf of itself and as representative of the Underwriters.

Santander Drive Auto Receivables Trust 2026-1 (the “Issuer”), a Delaware statutory trust, was established by a Trust Agreement, dated as of January 13, 2026, which was amended and restated by an Amended and Restated Trust Agreement, dated as of the Closing Date (the “Amended and Restated Trust Agreement”), by and between Santander Drive and Computershare Delaware Trust Company, as owner trustee (the “Owner Trustee”).