LINCOLN, Neb., Sept. 13, 2016 /PRNewswire/ -- Nelnet (NYSE:
NNI), one of the nation's leading asset-backed security issuers,
today announced that the company received investor consent to
extend the legal final maturity on nine Nelnet federally guaranteed
student loan backed securitizations. The company expects to amend
the transaction agreements over the next week and extend the legal
final maturity date by five years on the following NSLT securities:
2014-4 A1, 2014-4 A2, 2014-4 B, 2011-1 A, 2010-1 A, 2015-3 A3,
2015-3 A2, 2015-3 B, 2015-1 A, 2015-1 B, 2015-2 A2, 2015-2 B,
2014-6 A, 2014-6 B, 2014-5 A, 2014-5 B, and 2010-2 A.
Holders of other Nelnet bonds may visit the company's online
investor communication forum at DealVector.com/Nelnet to discuss
requested legal final maturity date amendments with fellow
investors or with Nelnet directly.
The company expects to launch a process to seek investor consent
to extend its NSLT 2012-3, 2014-2 and 2014-3 transactions in the
very near future and will communicate the results of that effort on
Nelnetinvestors.com.
About Nelnet
Founded and headquartered
in Lincoln, Nebraska, Nelnet is a diversified
and innovative company focused on offering educational services,
technology solutions, telecommunications, and asset
management. Nelnet helps students and families plan and
pay for their education and makes the administrative processes for
schools more efficient with student loan servicing, tuition payment
processing, school administration software, and college planning
resources. With the acquisition of ALLO, Nelnet offers
fiber optic services directly to homes and businesses for
ultra-fast internet and superior telephone and television services.
The company also makes investments in real estate developments and
new ventures. For more information, visit Nelnet.com.
(code #: nnif)
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SOURCE Nelnet