Attached files
file | filename |
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EX-1.1 - EX-1.1 - SANTANDER DRIVE AUTO RECEIVABLES LLC | g27061exv1w1.htm |
EX-4.1 - EX-4.1 - SANTANDER DRIVE AUTO RECEIVABLES LLC | g27061exv4w1.htm |
EX-10.3 - EX-10.3 - SANTANDER DRIVE AUTO RECEIVABLES LLC | g27061exv10w3.htm |
EX-10.2 - EX-10.2 - SANTANDER DRIVE AUTO RECEIVABLES LLC | g27061exv10w2.htm |
EX-10.4 - EX-10.4 - SANTANDER DRIVE AUTO RECEIVABLES LLC | g27061exv10w4.htm |
EX-10.1 - EX-10.1 - SANTANDER DRIVE AUTO RECEIVABLES LLC | g27061exv10w1.htm |
Table of Contents
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant
to Section 13 or 15(d) of the
Securities Exchange Act of 1934
to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported) April 28, 2011
SANTANDER DRIVE AUTO RECEIVABLES TRUST 2011-1
(Exact Name of Issuing Entity as Specified in its Charter)
Commission File Number of Issuing Entity: 333-165432-02
SANTANDER DRIVE AUTO RECEIVABLES LLC
(Exact Name of Depositor as Specified in its Charter)
Commission File Number of Depositor: 333-165432
SANTANDER CONSUMER USA INC.
(Exact Name of Sponsor as Specified in its Charter)
Delaware
(State or Other Jurisdiction of Incorporation of Issuing Entity/Registrant)
(State or Other Jurisdiction of Incorporation of Issuing Entity/Registrant)
45-6217245
(Issuing Entitys I.R.S. Employer Identification No.)
(Issuing Entitys I.R.S. Employer Identification No.)
℅ Santander Drive Auto Receivables LLC 8585 North Stemmons Freeway, Suite 1100-N Dallas, Texas |
75247 | |
(Address of Principal Executive Offices) | (Zip Code) |
(214) 292-1930
(Registrants Telephone Number, Including Area Code)
(Registrants Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c))
TABLE OF CONTENTS
Item 1.01. Entry into a Material Definitive Agreement | ||||||||
Item 8.01. Other Events | ||||||||
Item 9.01. Financial Statements and Exhibits | ||||||||
SIGNATURES | ||||||||
EX-1.1 | ||||||||
EX-4.1 | ||||||||
EX-10.1 | ||||||||
EX-10.2 | ||||||||
EX-10.3 | ||||||||
EX-10.4 |
Table of Contents
Item 1.01. Entry into a Material Definitive Agreement.
In connection with the issuance of the of Class A-1 0.31193% Auto Loan Asset Backed Notes,
Class A-2 0.94% Auto Loan Asset Backed Notes, Class A-3 1.28% Auto Loan Asset Backed Notes, Class B
2.35% Auto Loan Asset Backed Notes, Class C 3.11% Auto Loan Asset Backed Notes and Class D 4.01%
Auto Loan Asset Backed Notes (the Publicly Registered Notes) by Santander Drive Auto Receivables
Trust 2011-1 (the Issuer) described in the Final Prospectus Supplement dated April 28, 2011, the
Registrant has entered into the agreement listed in Item 9.01(d), Exhibit 1.1 below.
Item 8.01. Other Events.
In connection with the issuance of the Publicly Registered Notes and the Class E 5.76% Auto
Loan Asset Backed Notes by the Issuer described in the Final Prospectus Supplement dated April 28,
2011, the Registrant and/or the Issuer intend to enter into the agreement(s) listed in Item
9.01(d), Exhibits 4.1, 10.1, 10.2, 10.3 and 10.4 below, substantially in the form filed herewith.
It is anticipated that the Notes will be issued on May 4, 2011.
Item 9.01. Financial Statements and Exhibits.
(a) | Not applicable. | |
(b) | Not applicable. | |
(c) | Not applicable. | |
(d) | Exhibits. |
Exhibit | ||
No. | Document Description | |
1.1
|
Underwriting Agreement, dated as of April 28, 2011, among Santander Drive Auto Receivables LLC (Santander Drive), Santander Consumer USA Inc. (SC USA) Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and Santander Investment Securities Inc., as underwriters. | |
4.1
|
Indenture, to be dated as of May 4, 2011, between the Issuer and Deutsche Bank Trust Company Americas, as indenture trustee (the Indenture Trustee). | |
10.1
|
Purchase Agreement, to be dated as of May 4, 2011, between SC USA and Santander Drive. | |
10.2
|
Sale and Servicing Agreement, to be dated as of May 4, 2011, among the Issuer, Santander Drive, SC USA and the Indenture Trustee. | |
10.3
|
Administration Agreement, to be dated as of May 4, 2011, among the Issuer, SC USA, as administrator, and the Indenture Trustee. | |
10.4
|
Amended and Restated Trust Agreement, to be dated as of May 4, 2011, between Santander Drive and Wells Fargo Delaware Trust Company, N.A., not in its individual capacity but solely as owner trustee for the Issuer. |
Table of Contents
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
May 2, 2011 | SANTANDER DRIVE AUTO RECEIVABLES LLC |
|||
By: | /s/ Andrew Kang | |||
Name: | Andrew Kang | |||
Title: | Vice President | |||