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Nelnet, Inc. Announces Termination of the Replacement Capital Covenant Benefiting Its 5.125% Senior Notes Due 2010
Sep 17, 2009
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LINCOLN, Neb., Sept 17, 2009 /PRNewswire-FirstCall via COMTEX News Network/ -- Nelnet, Inc. (NYSE: NNI) (the "Company") today announced that its 5.125% Senior Notes due 2010 (CUSIP No. 64031NAA6) (the "Notes"), are no longer covered debt for purposes of the Company's Replacement Capital Covenant dated September 27, 2006 (the "Replacement Capital Co...
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Nelnet Reports Second Quarter 2009 Results
Aug 10, 2009
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LINCOLN, Neb., Aug 10, 2009 /PRNewswire-FirstCall via COMTEX News Network/ -- Nelnet, Inc. (NYSE: NNI) today reported GAAP net income for the second quarter of 2009 of $8.2 million, or $0.16 per share, compared with $43.7 million, or $0.88 per share, for the second quarter of 2008. Base net income for the second quarter of 2009 was $29.7 million, o...
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Nelnet, Inc. Announces Amendment of Nelnet Education Loan Funding, Inc. 2003-1 Indenture to Allow Purchases in Lieu of Redemptions
Aug 6, 2009
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LINCOLN, Neb., Aug 06, 2009 /PRNewswire-FirstCall via COMTEX News Network/ -- Nelnet, Inc. (NYSE: NNI) ("Nelnet") announced today that its finance subsidiary, Nelnet Education Loan Funding, Inc. ("NELF"), has amended the indenture of trust for its Student Loan Asset-Backed Notes, Series 2003-1 (the "Notes") to allow amounts held under the indenture...
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Nelnet to Announce Second Quarter Results
Jul 28, 2009
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LINCOLN, Neb., July 28, 2009 /PRNewswire-FirstCall via COMTEX News Network/ -- Nelnet, Inc. (NYSE: NNI) today announced it will issue an earnings release for the second quarter of 2009 after market close on August 10, 2009. Nelnet will host a conference call to discuss the results at 3:00 p.m. (Eastern) on August 12, 2009.
To access the call live,...
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Nelnet, Inc. Announces Results of Its Cash Tender Offer for up to $105,000,000 Aggregate Principal Amount of Its 5.125% Senior Notes Due 2010
Jul 24, 2009
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LINCOLN, Neb., July 24, 2009 /PRNewswire-FirstCall via COMTEX News Network/ -- Nelnet, Inc. (NYSE: NNI) (the "Company") announced today that it has accepted for purchase the principal amount of its 5.125% Senior Notes due 2010 (CUSIP No. 64031NAA6) (the "Notes") set forth below, that were validly tendered and not withdrawn pursuant to its previousl...
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Nelnet, Inc. Announces Extension of Early Tender Time for Its Cash Tender Offer for up to $105,000,000 Aggregate Principal Amount of Its 5.125% Senior Notes Due 2010
Jul 9, 2009
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LINCOLN, Neb., July 9, 2009 /PRNewswire-FirstCall via COMTEX News Network/ -- Nelnet, Inc. (NYSE: NNI) (the "Company") announced today that it has extended the Early Tender Time for its previously announced cash tender offer (the "Offer") for up to $105,000,000 aggregate principal amount of its outstanding 5.125% Senior Notes due 2010 (CUSIP No. 64...
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Nelnet, Inc. Commences Cash Tender Offer for Up to $105,000,000 Aggregate Principal Amount of its 5.125% Senior Notes Due 2010
Jun 24, 2009
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LINCOLN, Neb., June 24, 2009 /PRNewswire-FirstCall via COMTEX News Network/ -- Nelnet, Inc. (NYSE: NNI) (the "Company") announced today that it has commenced a cash tender offer (the "Offer") for up to $105,000,000 aggregate principal amount of its outstanding 5.125% Senior Notes due 2010 (CUSIP No. 64031NAA6) ("Notes"). The total consideration of...
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Nelnet Receives Department of Education Servicing Contract
Jun 17, 2009
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LINCOLN, Neb., June 17, 2009 /PRNewswire-FirstCall via COMTEX News Network/ -- Nelnet (NYSE: NNI) announced today it has been awarded a contract by the U.S. Department of Education (Department) to service federal student loans. Servicing volume will initially be allocated by the Department to servicers awarded a contract; however, performance fact...
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Nelnet Foundation Makes $25,000 Donation to Imagine America Foundation
Jun 15, 2009
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Lincoln, Neb., June 15, 2009 - Today, the Nelnet Foundation presented a $25,000 donation to the Imagine America Foundation (IAF) to fund Imagine America Promise scholarships. The Imagine America Promise Scholarship Program rewards college students who have demonstrated academic excellence attending institutions that focus on career...
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CUnet Makes Contacting, Scoring and Marketing to Online Education Leads Easy with TARGUSinfo
Jun 15, 2009
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Vienna, VA and Paramus, NJ June 15, 2009 - Each day, millions of prospective students raise their hand and say they want to enroll at a school of their choice. However, for many of those chosen schools, having a verifiable way of contacting and qualifying those students is where their lead generation efforts fail.
Today, TARGUSinf...
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CUnet Appoints Matt McLaughlin Chief Operating Officer
Jun 12, 2009
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Paramus, N.J., June 12, 2009 - CUnet, part of Nelnet Enrollment Solutions, and a leading provider of online performance media and interactive marketing services for educational institutions, announced today the appointment of Matt McLaughlin as chief operating officer.
"Matt's expertise in online advertising and interactive media service...
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Health Education Solutions Launches Online Certification Programs for Critical Care Medical Professionals
Jun 1, 2009
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Lincoln, NE, June 1, 2009 - Health Education Solutions in partnership with medical faculty at Union College, a top-tier school in Lincoln, Nebraska, recently developed and launched an exclusive, interactive online course with certification and recertification exams to prepare healthcare professionals for Advanced Cardiac Life Support (ACLS) and ...
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Nelnet Completes Initial Placement Through Straight-A Funding
May 27, 2009
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LINCOLN, Neb., May 27, 2009 /PRNewswire-FirstCall via COMTEX News Network/ -- Nelnet, Inc. (NYSE: NNI) announced today that it completed its initial placement of federal student loans under the U.S. Department of Education-sponsored conduit called Straight-A Funding, LLC (the Conduit). Nelnet's $637 million placement will settle on June 4, 2009.
C...
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Nelnet Reports First Quarter 2009 Results
May 11, 2009
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LINCOLN, Neb., May 11, 2009 /PRNewswire-FirstCall via COMTEX News Network/ -- Nelnet, Inc. (NYSE: NNI) today reported GAAP net income for the first quarter of 2009 of $25.5 million, or $0.52 per share, compared with a GAAP net loss of $69.8 million, or $1.42 per share, for the first quarter of 2008. Base net income for the first quarter of 2009 was...
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Nelnet to Announce First Quarter Results
Apr 29, 2009
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LINCOLN, Neb., April 29, 2009 /PRNewswire-FirstCall via COMTEX News Network/ -- Nelnet, Inc. (NYSE: NNI) today announced it will issue an earnings release for the first quarter of 2009 after market close on May 11, 2009. Nelnet will host a conference call to discuss the results at 3:00 p.m. (Eastern) on May 13, 2009.
To access the call live, parti...
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Nelnet, Inc. Announces Results of Fixed Price Cash Tender Offer for Its 5.125% Senior Notes Due 2010
Mar 17, 2009
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LINCOLN, Neb., March 17, 2009 /PRNewswire-FirstCall via COMTEX News Network/ -- Nelnet, Inc. (NYSE: NNI) announced today that it has accepted for purchase the principal amount of its 5.125% Senior Notes due 2010 (the "Notes"), set forth below, that were validly tendered pursuant to its previously announced fixed price cash tender offer for such Not...
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Nelnet, Inc. Commences Fixed Price Cash Tender Offer For its 5.125% Senior Notes Due 2010
Mar 9, 2009
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LINCOLN, Neb., March 9, 2009 /PRNewswire-FirstCall via COMTEX News Network/ -- Nelnet, Inc. (NYSE: NNI) announced today that it has commenced a fixed price cash tender offer for any and all of its outstanding 5.125% Senior Notes due 2010 ("Notes").
Principal Consideration
CUSIP Am...
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Nelnet Reports Year-End and Fourth Quarter 2008 Results; Strong Fee-based Revenue and Improved Liquidity
Mar 3, 2009
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LINCOLN, Neb., March 3, 2009 /PRNewswire-FirstCall via COMTEX News Network/ -- Nelnet, Inc. (NYSE: NNI) today reported GAAP net income for the fourth quarter of 2008 of $31.0 million, or $0.63 per share, compared with $19.0 million, or $0.39 per share, for the fourth quarter of 2007. Base net income excluding discontinued operations and restructuri...
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Nelnet Delays Earnings Announcement
Mar 1, 2009
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LINCOLN, Neb., March 1, 2009 /PRNewswire-FirstCall via COMTEX News Network/ -- Nelnet, Inc. (NYSE: NNI)
announced today that it is delaying the release of its 2008 year-end results
as the company's independent external auditor completes its review of the
valuation of the company's derivative portfolio, which is excluded from base
net income. Th...
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Nelnet to Announce 2008 Fourth Quarter and Year-End Results
Feb 18, 2009
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LINCOLN, Neb., Feb 18, 2009 /PRNewswire-FirstCall via COMTEX News Network/ -- Nelnet, Inc. (NYSE: NNI) today announced it will issue an earnings release for the fourth quarter and year ended December 31, 2008, before market open on March 2, 2009. In addition, Nelnet will host a conference call to discuss the results at 3:00 p.m. (Eastern) on March ...
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