Santander Drive Auto Receivables LLC Files 8-K
| Field | Detail |
|---|---|
| Company | Santander Drive Auto Receivables LLC |
| Form Type | 8-K |
| Filed Date | Sep 18, 2025 |
| Risk Level | low |
| Sentiment | neutral |
Sentiment: neutral
Topics: asset-backed-securities, auto-loans, material-definitive-agreement
TL;DR
Santander Drive Auto Receivables LLC filed an 8-K on 9/18/25 regarding material agreements and other events.
AI Summary
Santander Drive Auto Receivables LLC filed an 8-K on September 18, 2025, reporting on the entry into a material definitive agreement and other events. The filing pertains to asset-backed securities, specifically auto loans, and involves entities like Santander Drive Auto Receivables LLC and Drive Auto Receivables Trust 2025-2. The company is incorporated in Delaware and its fiscal year ends on December 31.
Why It Matters
This filing indicates significant corporate actions or agreements related to Santander's auto loan securitization business, which could impact investors in these asset-backed securities.
Risk Assessment
Risk Level: low — The filing is a standard 8-K reporting routine corporate events and does not appear to contain immediate negative financial news.
Key Players & Entities
- SANTANDER DRIVE AUTO RECEIVABLES LLC (company) — Filer
- DRIVE AUTO RECEIVABLES TRUST 2025-2 (company) — Related Trust
- 20250918 (date) — Filing Date
- 20250916 (date) — Report Period End Date
- 1601 ELM STREET SUITE 800 DALLAS TX 75201 (address) — Business and Mail Address
FAQ
What specific material definitive agreement was entered into by Santander Drive Auto Receivables LLC?
The filing indicates the entry into a material definitive agreement, but the specific details of this agreement are not provided in the provided text excerpt.
What are the 'Other Events' mentioned in the 8-K filing?
The filing lists 'Other Events' as an item, but the specific nature of these events is not detailed in the provided text.
What is the role of Drive Auto Receivables Trust 2025-2 in this filing?
Drive Auto Receivables Trust 2025-2 is listed as a related entity with a Central Index Key of 0002082136, suggesting it is a trust associated with the auto loan securitization activities.
When was Santander Drive Auto Receivables LLC formerly known as Drive Auto Receivables LLC?
The company's name changed from Drive Auto Receivables LLC to Santander Drive Auto Receivables LLC on December 8, 2006.
What is the SIC code for Santander Drive Auto Receivables LLC and Drive Auto Receivables Trust 2025-2?
Both Santander Drive Auto Receivables LLC and Drive Auto Receivables Trust 2025-2 have the Standard Industrial Classification (SIC) code 6189, which corresponds to Asset-Backed Securities.
Filing Details
This Form 8-K (Form 8-K) was filed with the SEC on September 18, 2025 regarding SANTANDER DRIVE AUTO RECEIVABLES LLC.