Santander Consumer USA Holdings Inc. announced a public secondary offering of 10,048,000 shares, or 2.88% of the company’s 
outstanding common stock, by Sponsor Auto Finance Holdings Series LP, according to an SEC filing today.
Sponsor Auto is an investment vehicle jointly owned by investment funds affiliated with certain entities that include Warburg Pincus LLC and Kohlberg Kravis Roberts & Co. L.P. Once completed, 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. Shares were priced at $18.68 each.
