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Nelnet holders tender $34.52 million 5.125% notes due 2010
By Susanna Moon
Chicago, March 17 - Nelnet, Inc. said it accepted for purchase $34,516,000 of its $275 million 5.125% senior notes due 2010.
The fixed-price cash tender offer expired at 11:59 p.m. ET on March 16. It began on March 9.
The company previously said it will pay $770 per $1,000 principal amount of the notes plus accrued interest to the settlement date.
The payment date is expected by March 19.
Goldman, Sachs & Co. is the dealer manager.
The company said it expected to use available cash to pay for the notes.
Nelnet, based in Lincoln, Neb., provides education planning and financing to students, families and schools in the United States.
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