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$35,700,000 Class A-1 Floating Rate Asset-Backed Senior Notes
$448,000,000 Class A-2 Floating Rate Asset Backed Senior Notes
$13,100,000 Class B Floating Rate Asset Backed Subordinate Notes
Date of Issue: February 27, 2019
Issue Amount: $496,800,000
Securities Offered:
Class A-1 Floating Rate Asset-Backed Notes in the aggregate principal amount of
$35,700,000
Rate: One-Month LIBOR +0.30%
CUSIP: 64034CAA7
ISIN: US6365RAA1
Class A-2 Floating Rate Asset-Backed Notes in the aggregate principal amount of
$448,000,000
Rate: One-Month LIBOR +0.75%
CUSIP: 64034CAC3
ISIN: US6365RAC7
Class B Floating Rate Asset-Backed Notes in the aggregate principal amount of
$13,100,000
Rate: One-Month LIBOR +1.40%
CUSIP: 64034CAB5
ISIN: US6365RAB9
Master Servicer and Administrator: National Education Loan Network, Inc.
Indenture Trustee: U.S. Bank National Association
Eligible Lender Trustee: U.S. Bank National Association
Lead Managers:
RBC Capital Markets
BofA Merrill Lynch
Citigroup
Initial Rating:
Senior Series 2019-1 A-1 Notes
Aaa Moody's
AA+ S&P
Senior Series 2019-1 A-2 Notes
Aaa Moody's
AA+ S&P
Subordinate Series 2019-1 B Notes
Aaa Moody's
AA S&P