Attached files

file filename
EX-10.1 - EX-10.1 - SANTANDER DRIVE AUTO RECEIVABLES TRUST 2015-3d944628dex101.htm
EX-4.1 - EX-4.1 - SANTANDER DRIVE AUTO RECEIVABLES TRUST 2015-3d944628dex41.htm
EX-10.2 - EX-10.2 - SANTANDER DRIVE AUTO RECEIVABLES TRUST 2015-3d944628dex102.htm
EX-10.3 - EX-10.3 - SANTANDER DRIVE AUTO RECEIVABLES TRUST 2015-3d944628dex103.htm
EX-10.4 - EX-10.4 - SANTANDER DRIVE AUTO RECEIVABLES TRUST 2015-3d944628dex104.htm

 

 

UNITED STATES

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

Date of Report (Date of Earliest Event Reported) June 24, 2015

 

 

SANTANDER DRIVE AUTO RECEIVABLES TRUST 2015-3

(Exact Name of Issuing Entity as Specified in its Charter)

Commission File Number of Issuing Entity: 333-192513-07

SANTANDER DRIVE AUTO RECEIVABLES LLC

(Exact Name of Depositor as Specified in its Charter)

Commission File Number of Depositor: 333-192513

SANTANDER CONSUMER USA INC.

(Exact Name of Sponsor as Specified in its Charter)

 

 

Delaware

(State or Other Jurisdiction of Incorporation of Issuing Entity/Registrant)

37-6595824

(Issuing Entity’s I.R.S. Employer Identification No.)

 

c/o Santander Drive Auto Receivables LLC

1601 Elm Street, Suite 800

Dallas, Texas

   75201
(Address of Principal Executive Offices)    (Zip Code)

(214) 292-1930

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(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:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 


Item 1.01. Entry into a Material Definitive Agreement.

In connection with the issuance of the Class A-1 0.48000% Auto Loan Asset Backed Notes, the Class A-2-A 1.02% Auto Loan Asset Backed Notes, the Class A-2-B LIBOR + 0.51% Auto Loan Asset Backed Notes, the Class A-3 1.49% Auto Loan Asset Backed Notes, the Class B 2.07% Auto Loan Asset Backed Notes, the Class C 2.74% Auto Loan Asset Backed Notes and the Class D 3.49% Auto Loan Asset Backed Notes (collectively, the “Publicly Registered Notes”) and the Class E 4.50% Auto Loan Asset Backed Notes by Santander Drive Auto Receivables Trust 2015-3 (the “Issuer”) described in the Final Prospectus Supplement dated June 17, 2015, the Registrant and/or the Issuer have entered into the agreements listed in Item 9.01(d) below. This Current Report on Form 8-K is being filed in connection with the execution of such agreements to satisfy an undertaking to file copies of certain agreements executed in connection with the issuance of the Publicly Registered Notes.

 

Item 9.01. Financial Statements and Exhibits.

 

  (a) Not applicable.

 

  (b) Not applicable.

 

  (c) Not applicable.

 

  (d) Exhibits.

 

Exhibit
No.
  

Document Description

4.1    Indenture, dated as of June 24, 2015, between the Issuer and Deutsche Bank Trust Company Americas, as indenture trustee (the “Indenture Trustee”).
10.1    
   Purchase Agreement, dated as of June 24, 2015, between Santander Consumer USA Inc. (“SCUSA”) and Santander Drive Auto Receivables LLC (“Santander Drive”).
10.2        Sale and Servicing Agreement, dated as of June 24, 2015, among the Issuer, Santander Drive, SCUSA and the Indenture Trustee.
10.3        Administration Agreement, dated as of June 24, 2015, among the Issuer, SCUSA, as administrator, and the Indenture Trustee.
10.4    
   Amended and Restated Trust Agreement, dated as of June 24, 2015, between Santander Drive and Wilmington Trust, National Association, not in its individual capacity but solely as owner trustee for the Issuer.


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.

 

June 26, 2015     SANTANDER DRIVE AUTO RECEIVABLES LLC
    By:   /s/ Jason Kulas
      Name:   Jason Kulas
      Title:   President and Chief Financial Officer