PHEAA investor forum formed

Pic© RichTea

Category: ABS CLOs Regulation

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PHEAA investor forum formed
PHEAA has launched a series of consent solicitations seeking investor approval to amend the terms of indentures related to its outstanding tax-exempt bonds and notes issued by various PHEAA student loan ABS trusts, for which the organisation acts as administrator. The amendments would provide for the flexibility to sell the student loans pledged under certain indentures to the servicer at a higher percentage of the initial pool balance than is currently provided in the indentures and enable the proceeds to be used to retire the related series of bonds.

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