Santander Drive Auto Trust Files 2024 10-K
| Field | Detail |
|---|---|
| Company | Santander Drive Auto Receivables Trust 2023-5 |
| Form Type | 10-K |
| Filed Date | Mar 26, 2025 |
| Risk Level | low |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-K, asset-backed securities, auto loans, securitization
TL;DR
Santander Drive Auto Trust 2023-5 filed its 2024 10-K. All good.
AI Summary
Santander Drive Auto Receivables Trust 2023-5 filed its annual report for the fiscal year ending December 31, 2024. The filing, submitted on March 26, 2025, details the company's operations related to asset-backed securities, specifically auto loans. The primary entities involved are Santander Drive Auto Receivables Trust 2023-5 and Santander Drive Auto Receivables LLC, both based in Dallas, Texas.
Why It Matters
This filing provides investors and analysts with a comprehensive overview of the financial health and operational performance of Santander's auto loan securitization trust for the 2024 fiscal year.
Risk Assessment
Risk Level: low — The filing is a standard annual report for a securitization trust and does not indicate any immediate or unusual risks.
Key Numbers
- 1231 — Fiscal Year End (Indicates the reporting period concluded on December 31, 2024.)
- 20250326 — Filing Date (The date the 10-K was officially submitted to the SEC.)
Key Players & Entities
- Santander Drive Auto Receivables Trust 2023-5 (company) — Filer of the 10-K report
- Santander Drive Auto Receivables LLC (company) — Related company, formerly Drive Auto Receivables LLC
- Dallas, Texas (location) — Business and mail address for both entities
- December 31, 2024 (date) — Fiscal year end for the report
- March 26, 2025 (date) — Filing date of the 10-K
FAQ
What is the primary business of Santander Drive Auto Receivables Trust 2023-5?
The primary business is related to asset-backed securities, specifically auto loans, as indicated by the SIC code [6189] and the company name.
When did the fiscal year covered by this 10-K report end?
The fiscal year ended on December 31, 2024.
What is the filing date of this 10-K report?
The filing date was March 26, 2025.
Where are the main business addresses for Santander Drive Auto Receivables Trust 2023-5 and Santander Drive Auto Receivables LLC?
Both entities share the same business address: 1601 Elm Street, Suite 800, Dallas, Texas 75201.
What was the former name of Santander Drive Auto Receivables LLC?
The former name was Drive Auto Receivables LLC, with a date of name change on December 8, 2006.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on March 26, 2025 regarding Santander Drive Auto Receivables Trust 2023-5.