Alaska Student Loan increases consent fee for ongoing solicitation

Chicago, May 11 – The Alaska Student Loan Corp. increased the consent fee to 0.2% of the notes for which noteholders submit consents from 0.1% in its consent solicitation for its $30,914,038 taxable education loan-backed notes, series 2013A (Cusip: 011855CM3), according to a press release.

As previously reported, the issuer is seeking to amend the indenture governing the Libor-indexed notes to allow for the early redemption of the notes at par plus interest to the redemption date.

The company is exploring the feasibility of this option due to the uncertainty around the discontinuance of Libor, the corporation’s desire to reduce or eliminate certain costs associated with owning the financed eligible loans and other business considerations.

To amend the indenture, the company must receive consents from noteholders representing a majority of the notes.

Consent fees will only be paid if the consent solicitation is successful.

The solicitation period ends at 5 p.m. ET on May 13.

D.F. King & Co., Inc. is working as the information agent (877 297-1746, 212 269-5550, alaska@dfking.com).

The solicitation agent for the notes is RBC Capital Markets (877 381-2099, 212 618-7843, liability.management@rbccm.com).

The consent fee will be paid only if the consent solicitation is consummated.

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