On April 2, 2026, Nelnet Inc. announced that it has entered into a Credit Agreement for a $435 million unsecured line of credit with U.S. Bank National Association, which will serve as the Administrative Agent. The agreement, effective March 31, 2026, allows Nelnet to draw funds as needed, with an initial outstanding balance of $0 and the full amount available for future use. The interest rates on borrowings will vary based on market conditions and the company's credit rating. The proceeds from this line of credit are intended for general corporate purposes, providing Nelnet with enhanced liquidity to support its operations and strategic initiatives. The maturity date for this credit facility is set for March 31, 2031. The Credit Agreement includes customary representations, warranties, and covenants, including financial covenants related to maintaining a minimum consolidated net worth and adjusted EBITDA to recourse indebtedness. This move is seen as a strategic step to bolster Nelnet's financial flexibility and operational execution in a competitive market.

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