SANTANDER CONSUMER USA HOLDINGS INC. (NYSE:SC) Files An 8-K Entry into a Material Definitive AgreementItem 1.01
On July11, 2018, Santander Consumer USA Inc. (the “Company”) entered into a Tolling Agreement (the “Tolling Agreement”) with FCA US LLC (the “FCA”). to the Tolling Agreement, among other things, the parties agreed each party shall fully preserve and retain its respective rights, claims, and defenses as they existed on April30, 2018 with respect to the Master Private Label Financing Agreement between the Company and FCA entered into on February6, 2013 (“MPLFA”). The MPLFA was filed as Exhibit10.4 to the Annual Report on Form 10-K filed by the Company with the Securities and Exchange Commission on February28,2018.
The foregoing description is qualified in its entirety by reference to the full text of the Tolling Agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
| Item 1.01. | Financial Statements and Exhibits. |
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Santander Consumer USA Holdings Inc. ExhibitEX-10.1 2 d538403dex101.htm EX-10.1 EX-10.1 Exhibit 10.1 July 11,…To view the full exhibit click here
About SANTANDER CONSUMER USA HOLDINGS INC. (NYSE:SC)
Santander Consumer USA Holdings Inc. is the holding company for Santander Consumer USA Inc., and subsidiaries, a consumer finance company focused on vehicle finance and third party servicing. The Company’s segment, Consumer Finance, includes its vehicle financial products and services, including retail installment contracts, vehicle leases, and dealer loans, as well as financial products and services related to motorcycles, recreational vehicles (RVs), and marine vehicles. It also includes its personal loan and point-of-sale financing operations. Its primary business is the indirect origination of retail installment contracts, principally through manufacturer-franchised dealers in connection with their sale of new and used vehicles to retail consumers. It offers auto financing products and services to Fiat Chrysler Automobiles US LLC (FCA) customers and dealers under the Chrysler Capital brand.