New Hampshire Higher Ed to pursue early redemption of notes

By Wendy Van Sickle

Columbus, Ohio, July 22 – The New Hampshire Higher Education Loan Corp. is planning to enter into negotiations with one or more holders of three series of notes to solicit their consents to a potential early redemption of one or more series of the notes, according to a news release.

The notes include $522,635,000 of taxable student loan-backed floating-rate notes, series 2011-1 (Cusip: 644617AC6); $239,515,000 of taxable student loan backed floating-rate notes, series 2012-1 (Cusip: 644617AE2); and $137 million of private education loan asset-backed notes issued by EDvestinU Private Education Loan Issue No. 1, LLC. The private education loan asset-backed notes include $115.8 million of class A notes (Cusip: 28165RAA0); $14 million of class B notes (Cusip: 28165RAB8) and $7.2 million of class C notes (Cusip: 28165RAC6).

Following the negotiations, New Hampshire Higher Education Loan may initiate a formal solicitation of consent from a majority of noteholders necessary to amend the indentures governing the notes.

Any formal solicitation will be made in accordance with the terms of a written consent solicitation statement that will be available to all noteholders.

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