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$781,000,000 Class A Floating Rate Asset-Backed Senior Notes
$16,000,000 Class B Floating Rate Asset Backed Subordinate Notes
Date of Issue: June 30, 2021
Issue Amount: $797,000,000
Securities Offered:
Class A Floating Rate Asset-Backed Notes in the aggregate principal amount of
$781,000,000
Rate: One-Month LIBOR +0.50%
CUSIP: 64034XAA1
ISIN: U6368PAA2
Class B Floating Rate Asset-Backed Notes in the aggregate principal amount of
$16,000,000
Rate: One-Month LIBOR +1.25%
CUSIP: 64034XAB9
ISIN: U6368PAB0
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
BMO Capital Markets
Citigroup
Goldman Sachs & Co. LLC
BofA Securities
Initial Rating:
Senior Series 2021-1 A Notes
Aaa Moody's
AA+ S&P
Subordinate Series 2021-1 B Notes
Aaa Moody's
AA S&P