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$485,800,000 Class A Floating Rate Asset-Backed Senior Notes
$12,500,000 Class B Floating Rate Asset Backed Subordinate Notes
Date of Issue: July 24, 2019
Issue Amount: $498,300,000
Securities Offered:
Class A Floating Rate Asset-Backed Notes in the aggregate principal amount of
$485,800,000
Rate: One-Month LIBOR +0.80%
CUSIP: 64031DAA8
ISIN: US63684AA9
Class B Floating Rate Asset-Backed Notes in the aggregate principal amount of
$12,500,000
Rate: One-Month LIBOR +1.55%
CUSIP: 64031DAB6
ISIN: US3684AB7
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
BofA Merrill Lynch
Initial Rating:
Senior Series 2019-3 A Notes
Aaa Moody's
AA+ S&P
Subordinate Series 2019-3 B Notes
Aaa Moody's
AA S&P