Brief: Discover Financial Services Announces Agreement to Sell Private Student Loan Portfolio

Nelnet

17/07/2024 13:22

July 17 (Reuters) - Discover Financial Services  DFS.N :
    * DISCOVER FINANCIAL SERVICES ANNOUNCES AGREEMENT TO SELL
PRIVATE
STUDENT LOAN PORTFOLIO
    * DISCOVER FINANCIAL SERVICES - TO SELL STUDENT LOAN
PORTFOLIO FOR
UP TO $10.8 BILLION
    * DISCOVER FINANCIAL SERVICES - WELLS FARGO ACTS AS
FINANCIAL
ADVISOR TO DISCOVER
    * DISCOVER FINANCIAL SERVICES - DEAL WITH ONE/MORE STRATEGIC
PARTNERSHIPS COMPRISED OF INVESTMENT VEHICLES & ACCOUNTS MANAGED
BY CARLYLE & KKR
    * DISCOVER FINANCIAL SERVICES - FIRSTMARK SERVICES, A
DIVISION OF
NELNET ASSUMING RESPONSIBILITY FOR SERVICING PORTFOLIO UPON SALE

Source text for Eikon:  ID:nBw6QTZgQa 
Further company coverage:  DFS.N 

 ((Reuters.Briefs@thomsonreuters.com;))