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

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Santander Consumer USA Holdings Inc. Announces Final Results of Tender Offer

March 3, 2020 6:30 AM EST

DALLAS, March 3, 2020 /PRNewswire/ -- 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a total of 17,514,707 shares of SC's common stock, $0.01 par value per share, were properly tendered and not properly withdrawn at or below the purchase price of $26 per share.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... More