Education Loans extends deadline for its tender and exchange offer

By Tali David

Minneapolis, Nov. 2 - Education Loans Inc. extended the deadline for its tender and exchange offer, according to a notice.

The deadline for the following notes was extended to 5 p.m. ET Nov. 2 from 12:01 a.m. ET Nov. 2.

• Tax-exempt fixed-rate student loan-backed callable notes; senior series 1998-1F ($205,000 tendered);

• Tax-exempt fixed-rate student loan-backed callable notes, subordinate series 1998-1K ($9,200,000 tendered);

• Tax-exempt auction rate student loan asset-backed callable notes, senior series 1998-1D (none tendered);

• Taxable auction rate student loan asset-backed callable notes, senior series 1998-1H ($44,400,000 tendered);

• Student loan asset-backed notes, senior series 1999-1A ($36,300,000 tendered);

• Student loan asset-backed notes, senior series 2001-1 ($54,250,00 tendered);

• Student loan asset-backed notes, senior series 2002-1($93,950,000 tendered);

• Student loan asset-backed notes, senior series 2003-1 ($45,550,00 tendered);

• Student loan asset-backed notes, senior series 2004-1($70,350,000 tendered);

• Student loan asset-backed notes, senior series 2004-C ($105,300,000 tendered);

• Student loan asset-backed notes, subordinate series 1999-1C ($4,100,000 tendered);

• Student loan asset-backed notes, subordinate series 2001-1C ($17,100,000 tendered);

• Student loan asset-backed notes, subordinate series 2002-1C ($20,250,000 tendered);

• Student loan asset-backed notes, subordinate series 2003-1D ($12,650,000 tendered);

• Student loan asset-backed notes, subordinate series 2004-B1 ($13,500,000 tendered); and

• Student loan asset-backed notes, subordinate series 2004-D ($11,100,000 tendered).

Education Loans is in Aberdeen, S.D.

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