DALLAS, Sept. 2, 2014 /PRNewswire/ -- Santander Consumer
USA Holdings Inc. (NYSE: SC)
("SCUSA") today announced the public secondary offering of
10,047,954 shares, or 2.88% of our outstanding common stock, by
Sponsor Auto Finance Holdings Series LP ("Sponsor Auto"), an
investment vehicle jointly owned by investment funds affiliated
with certain entities, including Warburg Pincus LLC and Kohlberg
Kravis Roberts & Co. L.P. Upon completion of the
offering, Sponsor Auto will own approximately 1.18% of the common
stock of SCUSA. Santander Consumer USA Holdings Inc. will not receive any
proceeds from this offering. J.P. Morgan is acting as the
sole underwriter for the offering.
A shelf registration statement on Form S-1 (File No. 333-198130)
has been declared effective by the Securities and Exchange
Commission (the "SEC"). A prospectus supplement describing
the terms of the offering will be filed with the SEC and, when
available, may be obtained from the SEC's website at www.sec.gov or
by contacting:
J.P. Morgan Securities LLC
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Attn: Prospectus Department
Tel: 866-803-9204
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful.
About Santander Consumer USA
Holdings Inc.
Santander Consumer USA Holdings
Inc. (NYSE: SC) is a full-service, technology-driven consumer
finance company focused on vehicle finance and unsecured consumer
lending products. The company, which began originating retail
installment contracts in 1997, has a serviced portfolio of more
than $37 billion (as of June 30,
2014), has more than two million customers across all credit
grades, and is headquartered in Dallas.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. 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 "anticipates," "believes," "can," "could,"
"may," "predicts," "potential," "should," "will," "estimate,"
"plans," "projects," "continuing," "ongoing," "expects," "intends,"
and similar words or phrases. Although we believe that the
expectations reflected in these forward-looking statements are
reasonable, these statements are not guarantees of future
performance and involve risks and uncertainties which are subject
to change based on various important factors, some of which are
beyond our control. For additional discussion of these risks, refer
to the section entitled "Risk Factors" and elsewhere in our Annual
Report on Form 10-K and our Quarterly Reports on Form 10-Q filed by
us with the SEC. Among the factors that could cause our financial
performance to differ materially from that suggested by the
forward-looking statements are: (a) we operate in a highly
regulated industry and continually changing federal, state, and
local laws and regulations could materially adversely affect our
business; (b) adverse economic conditions in the United States and worldwide may negatively
impact our results; (c) our business could suffer if our access to
funding is reduced; (d) we face significant risks implementing our
growth strategy, some of which are outside our control; (e) our
agreement with Chrysler may not result in currently anticipated
levels of growth and is subject to certain performance conditions
that could result in termination of the agreement; (f) our business
could suffer if we are unsuccessful in developing and maintaining
relationships with automobile dealerships; (g) our financial
condition, liquidity, and results of operations depend on the
credit performance of our loans; (h) loss of our key management or
other personnel, or an inability to attract such management and
personnel, could negatively impact our business; (i) we are subject
to certain bank regulations, including oversight by the Office of
the Comptroller of the Currency, the CFPB, the Bank of Spain, and
the Federal Reserve, which oversight and regulation may limit
certain of our activities, including the timing and amount of
dividends and other limitations on our business; and (j) future
changes in our relationship with Santander could adversely affect
our operations. If one or more of the factors affecting our
forward-looking information and statements proves incorrect, its
actual results, performance or achievements could differ materially
from those expressed in, or implied by, forward-looking information
and statements. Therefore, we caution not to place undue reliance
on any forward-looking information or statements. The effect of
these factors is difficult to predict. Factors other than these
also could adversely affect our results, and the reader should not
consider these factors to be a complete set of all potential risks
or uncertainties. New factors emerge from time to time, and
management cannot assess the impact of any such factor on our
business or the extent to which any factor, or combination of
factors, may cause results to differ materially from those
contained in any forward-looking statement. Any forward-looking
statements only speak as of the date of this document, and we
undertake no obligation to update any forward- looking information
or statements, whether written or oral, to reflect any change,
except as required by law. All forward- looking statements
attributable to us are expressly qualified by these cautionary
statements.
Contacts:
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Investor
Relations
|
Media
Relations
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Evan Black &
Kristina Carbonneau
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Laurie
Kight
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800.493.8219
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214.801.6455
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InvestorRelations@santanderconsumerusa.com
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LKight@santanderconsumerusa.com
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SOURCE Santander Consumer USA
Holdings Inc.