Santander Consumer USA Holdings Inc. Commences Initial Public Offering

PR Newswire

DALLAS, Jan. 9, 2014 /PRNewswire/ -- Santander Consumer USA Holdings Inc. (the "Company") today announced the commencement of its initial public offering. Certain selling stockholders intend to sell 65,217,391 shares of common stock in the offering. The initial public offering price is currently expected to be between $22.00 and $24.00 per share of common stock.

The underwriters will have a 30-day option to purchase up to an additional 9,782,608 shares of common stock from the selling stockholders. The Company itself is not selling any shares and will not receive any proceeds from the proposed offering.

The offering is being made through global coordinators and joint book-running managers Citigroup and J.P. Morgan. Additional joint book-running managers include BofA Merrill Lynch, Deutsche Bank Securities, Santander Investment Securities, Barclays, Goldman, Sachs & Co., Morgan Stanley, RBC Capital Markets, BMO Capital Markets, Credit Suisse, UBS Investment Bank and Wells Fargo Securities. KKR, Sandler O'Neill + Partners, L.P., Stephens Inc. and LOYAL3 Securities are also acting as managing underwriters of the offering.

Copies of the preliminary prospectus may be obtained from: Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (tel:800-831-9146), or by email: BATProspectusdept@citi.com; or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, (tel:866-803-9204).

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these shares in any state in which such offer, solicitation or sale would be unlawful, prior to registration or qualification under the securities laws of any state.

Santander Consumer USA Inc. is a full-service, technology-driven consumer finance company focused on vehicle finance and unsecured consumer lending products. The company has a serviced finance portfolio of approximately $21 billion, relationships with nearly 14,000 automotive dealers in the U.S., and retail installment contracts with more than 2 million customers. The company began originating financing in 1997 and is headquartered in Dallas.

Forward-Looking Statements
This press release contains forward-looking statements. Any statements about our expectations, beliefs, plans, predictions, forecasts, objectives, assumptions, or future events or performance are not historical facts and may be forward-looking. These statements are often, but not always, made through the use of words or phrases such as "anticipate," "believes," "can," "could," "may," "predicts," "potential," "should," "will," "estimate," "plans," "projects," "continuing," "ongoing," "expects," "intends," and similar words or phrases. Accordingly, these statements are only predictions and involve estimates, known and unknown risks, assumptions, and uncertainties that could cause actual results to differ materially from those expressed in them. Our actual results could differ materially from those anticipated in such forward-looking statements as a result of several factors more fully described under the caption "Risk Factors" and elsewhere in the preliminary prospectus filed by us with the Securities and Exchange Commission. Any or all of our forward-looking statements in this press release may turn out to be inaccurate. The inclusion of this forward-looking information should not be regarded as a representation by us, the selling stockholders, the underwriters, or any other person that the future plans, estimates, or expectations contemplated by us will be achieved. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, and financial needs. There are important factors that could cause our actual results, level of activity, performance, or achievements to differ materially from the results, level of activity, performance, or achievements expressed or implied by the forward-looking statements, including, but not limited to, the following: (1) adverse economic conditions in the United States and worldwide may negatively impact our results; (2) our business could suffer if our access to funding is reduced; (3) we face significant risks implementing our growth strategy, some of which are outside our control; (4) our recent agreement with Chrysler Group LLC may not result in currently anticipated levels of growth and is subject to certain performance conditions that could result in termination of the agreement; (5) our business could suffer if we are unsuccessful in developing and maintaining relationships with automobile dealerships; (6) our financial condition, liquidity, and results of operations depend on the credit performance of our loans; (7) loss of our key management or other personnel, or an inability to attract such management and personnel, could negatively impact our business; (8) future changes in our relationship with Banco Santander, S.A. could adversely affect our operations; and (9) we operate in a highly regulated industry and continually changing federal, state, and local laws and regulations could materially adversely affect our business. All forward-looking statements are necessarily only estimates of future results. Accordingly, you are cautioned not to place undue reliance on such statements. Any forward-looking statement is qualified in its entirety by reference to the matters discussed in this press release. Further, any forward-looking statement speaks only as of the date on which it is made and we undertake no obligation to update or revise any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events.

Further Information
We have filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents we have filed with the SEC for more complete information about us and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov.

Media Contact:
Laurie Kight
Santander Consumer USA Inc.
214.237.3690
lkight@santanderconsumerusa.com

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