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$408,000,000 Class A Floating Rate Asset-Backed Senior Notes
$10,600,000 Class B Floating Rate Asset Backed Subordinate Notes
Date of Issue: August 22, 2019
Issue Amount: $418,600,000
Securities Offered:
Class A Floating Rate Asset-Backed Notes in the aggregate principal amount of
$408,000,000
Rate: One-Month LIBOR +0.87%
CUSIP: 64034TAA0
ISIN: U63686AA4
Class B Floating Rate Asset-Backed Notes in the aggregate principal amount of
$10,600,000
Rate: One-Month LIBOR +1.65%
CUSIP: 64034TAB8
ISIN: U63686AB2
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 2019-4 A Notes
Aaa Moody's
AA+ S&P
Subordinate Series 2019-4 B Notes
Aaa Moody's
AA S&P