ABERDEEN, S.D.--(BUSINESS WIRE)--
Education Loans Incorporated (the "Company") voiced currently that it has lengthened for a fourth, and final, time the warm deadline for its offer for excellent array of its 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 ($9,210,000 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); Student Loan Asset-Backed Notes, Subordinate Series 2004-D ($11,100,000 tendered) (such array are collectively referred to as the "Notes").
The conditions and conditions of the warm and swap offers are described in the Tender and Exchange Offer Statement antiquated as of October 4, 2012 and the connected Letter of Transmittal that were formerly transmitted to authorised holders of the Notes.
The warm deadline is being lengthened from 1:00 p.m. New York City time on November 6, 2012 to 5:00 p.m. New York City time on November 7, 2012. If the conditions to the warm and swap offer are satisfied, the approaching acceptance and agreement date is to warm and swap offer would be the second business day subsequent to the new expiry time, Friday, November 9, 2012.
RBC Capital markets, LLC is behaving as the Exchange Offer Dealer Manager and Dougherty Company LLC is behaving as the Cash Tender Offer Dealer Manager. The Depositary and Exchange Agent is to offers is Wells Fargo Bank, National Association. Any questions or requests for benefit might be destined to the Dealer Managers at the addresses and write figures set onward herein.
This statement is conjunction an offer to buy nor the questionnaire of an offer to sell any of the bonds described herein, nor shall there be any offer or sale of such bonds in any authority in that such offer, questionnaire or sale would be unlawful. The warm and swap offer is done only pursuant to the Tender and Exchange Offer Statement antiquated October 4, 2012 and the connected Letter of Transmittal.
The Dealer Managers is to Offer are:
The Cash Tender Offer Dealer Manager is to Cash Tender Offer is:
Dougherty Company LLC
90 South Seventh Street, Suite 4300
Minneapolis, MN 55402
Attn: EdLinc Exchange Offer
Telephone: (612) 317-2174
The Exchange Offer Dealer Manager is to Exchange Offer is:
RBC Capital Markets, LLC
Three World Financial Center
200 Vesey Street, 8th Floor
New York, NY 10281
Attn: EdLinc Exchange Offer
Telephone: (212) 618-5640