Santander Consumer USA (SC) Announces Final Results of Tender Offer

Santander Consumer USA Holdings Inc. (NYSE: SC) ("SC" or the "Company") announced today the final results of its "modified Dutch Auction" tender offer, which expired at 12:00 midnight, Eastern Time at the end of the day on February 27, 2020.

Based on the final count by Computershare Trust Company, N.A., the depositary for the tender offer, a total of 17,514,707 shares of SC's common stock, $0.01 par value per share, were properly tendered and not properly withdrawn at or below the purchase price of $26 per share.

SC has accepted for purchase 17,514,707 shares of its common stock, $0.01 par value per share, at a price of $26 per share, for an aggregate cost of approximately $455,382,382, excluding fees and expenses related to the tender offer. These shares represent approximately 5.2 percent of the shares outstanding.

Computershare will promptly issue payment for the shares of SC common stock validly tendered and accepted for purchase in the tender offer.

Stockholders who have questions or would like additional information about the tender offer may contact the information agent for the tender offer, Georgeson Inc., toll-free at (800) 509-1312.

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