Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
NELNET INC incurred credit facility of $435 million with U.S. Bank National Association maturing March 31, 2031.
- Instrument
- credit facility
- Principal
- $435 million
- Counterparty
- U.S. Bank National Association
- Maturity
- March 31, 2031
- Event
- incurrence
Exact text from the filing
On March 31, 2026, Nelnet, Inc. (the “Company”) entered into a Credit Agreement (the “Credit Agreement”) for a $435 million unsecured line of credit with U.S. Bank National Association, as Administrative Agent
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
NELNET INC terminated Third Amended and Restated Credit Agreement with U.S. Bank National Association, Wells Fargo Bank, National Association, Royal Bank of Canada, U.S. Bank National Association and Wells Fargo Securities, LLC valued at $495 million (effective 2026-03-31).
- Action
- termination
- Agreement
- credit facility
- Counterparty
- U.S. Bank National Association, Wells Fargo Bank, National Association, Royal Bank of Canada, U.S. Bank National Association and Wells Fargo Securities, LLC
- Value
- $495 million
- Effective
- 2026-03-31
Exact text from the filing
the Company terminated the Third Amended and Restated Credit Agreement dated as of September 22, 2021 (as amended, the "2021 Credit Agreement") among the Company, U.S. Bank National Association, as Administrative Agent, Wells Fargo Bank, National Association, as Syndication Agent, Royal Bank of Canada, as Documentation Agent, U.S. Bank National Association and Wells Fargo Securities, LLC, as Joint Lead Arrangers and Joint Book Runners, and various lender parties thereto.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
NELNET INC entered into Credit Agreement with U.S. Bank National Association, Wells Fargo Bank, National Association, Royal Bank of Canada, Wells Fargo Securities, LLC, First National Bank of Omaha, Regions Bank valued at $435 million (effective 2026-03-31).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- U.S. Bank National Association, Wells Fargo Bank, National Association, Royal Bank of Canada, Wells Fargo Securities, LLC, First National Bank of Omaha, Regions Bank
- Value
- $435 million
- Effective
- 2026-03-31
Exact text from the filing
On March 31, 2026, Nelnet, Inc. (the “Company”) entered into a Credit Agreement (the “Credit Agreement”) for a $435 million unsecured line of credit with U.S. Bank National Association, as Administrative Agent (the “Administrative Agent”), Joint Lead Arranger, Joint Book Runner, and an individual lender, Wells Fargo Bank, National Association, as Syndication Agent (the “Syndication Agent”) and an individual lender, Royal Bank of Canada, as Documentation Agent and an individual lender, Wells Fargo Securities, LLC, as Joint Lead Arranger and Joint Book Runner, and First National Bank of Omaha and Regions Bank, as additional individual lenders.
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