Santander Consumer USA is preparing its second subprime auto loan securitization of the year, according to a regulatory filing.

Santander Drive Auto Receivables Trust 2014-2 will issue a total of $1 billion of notes, including $243 million of money market notes, $300.4 million of fixed and floating rate notes due in August 2017, $188.9 million of notes due April 2018; $140.2 million of notes due February 2019; $142 million of notes due November 2019; $55.4 million of notes due February 2020 and $60.7 million of notes due July 2021.

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