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Nelnet ups size of credit line

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Nelnet ups size of credit line

Nelnet Inc. on Dec. 16 increased the size of its unsecured line of credit to $455.0 million from $382.5 million.

The amended line of credit also allows the company to increase total financing commitments, through existing and/or new lenders, up to $550.0 million. The maturity date was extended to Dec. 16, 2024, from June 22, 2023.

As of Dec. 16, no amounts were outstanding on the credit line.