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$405,000,000 Class A Floating Rate Asset-Backed Senior Notes
$11,100,000 Class B Floating Rate Asset Backed Subordinate Notes
Date of Issue: April 30, 2019
Issue Amount: $416,100,000
Securities Offered:
Class A Floating Rate Asset-Backed Notes in the aggregate principal amount of
$405,000,000
Rate: One-Month LIBOR +0.90%
CUSIP: 64034NAA3
ISIN: US64034NAA37
Class B Floating Rate Asset-Backed Notes in the aggregate principal amount of
$11,100,000
Rate: One-Month LIBOR +1.50%
CUSIP: 64034NAB1
ISIN: US64034NAB10
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
Citigroup
Initial Rating:
Senior Series 2019-2 A Notes
Aaa Moody's
AA+ S&P
Subordinate Series 2019-2 B Notes
Aaa Moody's
AA S&P