--- schema_version: "secwatch.filing_event.v1" accession: "0001193125-26-071680" form_type: "8-K" ticker: null cik: "0001383094" company_name: "SANTANDER DRIVE AUTO RECEIVABLES LLC" filed_at: "2026-02-25T23:59:59+00:00" generated_at: "2026-05-16T00:11:03.589206+00:00" event_type: "debt" sentiment: "neutral" materiality_score: 0.4 calibrated_materiality_score: 0.4 confidence: "medium" source: SEC EDGAR --- # Santander Drive Auto Receivables Trust 2026-1 issues notes with coupons from 3.909% to 6.41% ## Summary - Issued Class A-1 (3.909%), A-2 (4.04%), A-3 (3.93%), B (4.07%), C (4.26%), D (4.75%), E (6.41%) notes. - Closing date Feb 25, 2026; underlying assets are motor vehicle retail installment contracts and loans. - Sponsor Santander Consumer USA transferred receivables to Santander Drive LLC, then to trust. - Underwriters include Citigroup, RBC, Santander US Capital Markets, Wells Fargo, CastleOak, Ramirez. - Class A-1 and E notes retained; public notes registered under SF-3. ## SEC filing metadata - accession: 0001193125-26-071680 - form_type: 8-K - cik: 0001383094 - company_name: SANTANDER DRIVE AUTO RECEIVABLES LLC - filed_at: 2026-02-25T23:59:59+00:00 - event_type: debt - sentiment: neutral - materiality_score: 0.4 - calibrated_materiality_score: 0.4 - confidence: medium - sec_items: 1.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1383094/000119312526071680/0001193125-26-071680-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1383094/000119312526071680/d51529d8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001193125-26-071680 - JSON: https://secwatch.observer/filing/0001193125-26-071680.json - Plain text: https://secwatch.observer/filing/0001193125-26-071680.txt ## Key facts - Material Agreements SANTANDER DRIVE AUTO RECEIVABLES LLC entered into Indenture with the Indenture Trustee (effective 2026-02-25). - Action: entry - Agreement: notes offering - Counterparty: the Indenture Trustee - Effective: 2026-02-25 source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1383094/000119312526071680/0001193125-26-071680-index.htm - Material Agreements SANTANDER DRIVE AUTO RECEIVABLES LLC entered into Purchase Agreement with Santander Consumer USA Inc. (effective 2026-02-25). - Action: entry - Agreement: credit facility - Counterparty: Santander Consumer USA Inc. - Effective: 2026-02-25 source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1383094/000119312526071680/0001193125-26-071680-index.htm - Material Agreements SANTANDER DRIVE AUTO RECEIVABLES LLC entered into Sale Agreement with Santander Drive (effective 2026-02-25). - Action: entry - Counterparty: Santander Drive - Effective: 2026-02-25 source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1383094/000119312526071680/0001193125-26-071680-index.htm - Material Agreements SANTANDER DRIVE AUTO RECEIVABLES LLC entered into Underwriting Agreement with 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. (effective 2026-02-18). - Action: entry - Agreement: underwriting - Counterparty: 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. - Effective: 2026-02-18 source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1383094/000119312526071680/0001193125-26-071680-index.htm - Material Agreements SANTANDER DRIVE AUTO RECEIVABLES LLC entered into Amended and Restated Trust Agreement with Computershare Delaware Trust Company (effective 2026-02-25). - Action: entry - Counterparty: Computershare Delaware Trust Company - Effective: 2026-02-25 source text: 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”). evidence_url: https://www.sec.gov/Archives/edgar/data/1383094/000119312526071680/0001193125-26-071680-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.