Edinvest, Texas, calls $150.3 million of 2005, 2006 student loan notes

By Marisa Wong

Madison, Wis., June 17 - Edinvest Co. said it will redeem in full its $150.3 million of outstanding series 2005A-1 and 2006A-1 variable-rate student loan asset-backed notes.

To be redeemed are $93.3 million of 2005A-1 notes due June 1, 2041 and $57 million of 2006A-1 notes due June 1, 2042.

The 2005A-1 notes will be redeemed on July 1, and the 2006A-1 notes will be redeemed on July 20.

The redemption price is par plus accrued interest to the redemption date.

The redemption will be funded with proceeds from the sale of new notes by Brazos Higher Education Authority, Inc.

Edinvest is a Waco, Texas-based nonprofit corporation that provides funds for educational purposes. Brazos is part of Waco, Texas-based Brazos Higher Education Service Corp., Inc., which provides management services to nonprofit higher education financing corporations.

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