secwatch.observer — SEC 8-K summary
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Issuer:     NELNET INC (NNI)
CIK:        0001258602
Form:       8-K
Filed at:   2026-04-02T23:59:59+00:00
Accession:  0001258602-26-000023
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nelnet enters $435M unsecured credit line, terminates prior $495M facility
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- New $435M unsecured revolving credit facility dated March 31, 2026, maturing March 31, 2031.
- Initial outstanding balance is $0; proceeds available for general corporate purposes.
- Terminated the prior $495M unsecured credit agreement (Sept 2021) which had no outstanding balance.
- The new facility includes financial covenants: minimum net worth, EBITDA/indebtedness ratio, asset quality test.
- Guaranteed by certain subsidiaries; contains customary events of default.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1258602/000125860226000023/0001258602-26-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1258602/000125860226000023/nni-20260331.htm
  HTML page:      https://secwatch.observer/filing/0001258602-26-000023

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