secwatch.observer — SEC 8-K summary
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Issuer:     SANTANDER DRIVE AUTO RECEIVABLES LLC (—)
CIK:        0001383094
Form:       8-K
Filed at:   2026-02-25T23:59:59+00:00
Accession:  0001193125-26-071680
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1383094/000119312526071680/0001193125-26-071680-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1383094/000119312526071680/d51529d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-071680

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