Nelnet Inc (NNI.N)
7 Dec 2016
* For Q3 of 2016, Nelnet reported net interest income of $99.8 million, compared with $112.0 million
* It has rescheduled release of earnings for q3 until after close of new york stock exchange on november 9
NEW YORK (IFR) - Student loan servicer Nelnet has staved off potential downgrades on $4.6 billion of bonds backed by government-guaranteed student loans, by convincing investors to extend their maturity dates.
Nelnet, one of the largest U.S. student loan servicers, does not have to face a lawsuit claiming it cheated borrowers out of millions of dollars in interest and late fees by delaying processing of loan payments, a federal judge has ruled.
* Board declared Q3 cash dividend on outstanding shares of Class A common stock and Class B common stock of $0.12 per share
NEW YORK (IFR) - Student loan servicer Nelnet is trying to stave off downgrades on US$3.25bn of its debt, and wants investors to help by agreeing to extend the maturity date of its bonds.