Latest news with #Nelnet
AU Financial Review
4 days ago
- Business
- AU Financial Review
ASX to slip, US equities dip on producer price data
Klarna Group Plc agreed to sell as much as $US26 billion ($40 billion) of buy-now, pay-later loans to the student loan giant Nelnet as the fintech looks for ways to free up capital ahead of its public debut. The multi-year deal is structured as a so-called forward-flow agreement, where a buyer agrees to purchase loans before they have been originated. With the deal, Klarna will be able to expand its pay-in-4 product in the US, which allows consumers to split up purchases and pay them off interest free in a matter of weeks. 'This is a landmark transaction for Klarna in the US' Klarna chief financial officer Niclas Neglén said in a statement to Bloomberg. 'Our partnership with Nelnet allows us to scale a core product responsibly.' Klarna, which has a banking license in its home country of Sweden, has been building a platform that allows it to sell streams of loans on an ongoing basis to investors around the world. Last year, the fintech struck a deal with a subsidiary of Elliott Investment Management that saw the hedge fund agree to buy up £30 billion of Klarna's UK-originated debt in the coming years. Klarna would continue to service the loans.
Bloomberg
4 days ago
- Business
- Bloomberg
Klarna Is Selling Up to $26 Billion of Buy-Now, Pay-Later Loans to Nelnet
Klarna Group Plc agreed to sell as much as $26 billion of buy-now, pay-later loans to the student loan giant Nelnet Inc. as the fintech looks for ways to free up capital ahead of its public debut. The multi-year deal is structured as a so-called forward-flow agreement, where a buyer agrees to purchase loans before they have been originated. With the deal, Klarna will be able to expand its pay-in-4 product in the US, which allows consumers to split up purchases and pay them off interest free in a matter of weeks.
Business Wire
11-06-2025
- Business
- Business Wire
KBRA Assigns Preliminary Ratings to SSI ABS-2025-1 Issuer, LLC
NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to SSI ABS-2025-1 Issuer, LLC (SSI 2025-1 or the Issuer), a commercial and industrial (C&I) solar ABS transaction. The transaction is secured by forward project revenues from a portfolio of C&I, utility scale, and community solar PV systems, a portion of which are owned by four tax equity partnerships, each of which is a partnership between a managing member and a tax equity investor. At closing, the Issuer will have a managing member interest for each tax equity partnership. Together, the tax equity partnerships, SSI-Nelnet 2022-A Holdco, LLC (Nelnet 2022-A), SSI-Nelnet 2022-B Holdco, LLC (Nelnet 2022-B), SSI-Nelnet 2023 Holdco, LLC (Nelnet 2023), and VA Projects Lease, LLC (VA Projects) own 24 project companies which own PV systems related to 32 different projects. The remaining 68 projects are owned between 24 project companies that are indirectly wholly-owned by Standard Solar, and, at closing, the Issuer will own the managing member that owns 100% of the interests in each wholly-owned project company. Standard Solar, Inc. (Standard Solar or the Company) was founded in 2004 and was acquired by affiliates of Brookfield Renewable Partners L.P. (Brookfield) in 2022. As of March 31, 2025, Standard Solar has over 140 employees and has deployed over 572 megawatts of installed capacity in 22 states and Washington D.C. The Company's services include on-site C&I solar, community solar, energy storage solutions and energy services provided to over 350 C&I customers and municipalities, universities, schools, and hospitals. To access ratings and relevant documents, click here. Click here to view the report. Methodologies Disclosures Further information on key credit considerations, sensitivity analyses that consider what factors can affect these credit ratings and how they could lead to an upgrade or a downgrade, and ESG factors (where they are a key driver behind the change to the credit rating or rating outlook) can be found in the full rating report referenced above. A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located here. Information on the meaning of each rating category can be located here. Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at About KBRA Kroll Bond Rating Agency, LLC (KBRA), one of the major credit rating agencies (CRA), is a full-service CRA registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority. In addition, KBRA is designated as a Designated Rating Organization (DRO) by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized as a Qualified Rating Agency by Taiwan's Financial Supervisory Commission and is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider (CRP) in the U.S. Doc ID: 1009884
Yahoo
29-05-2025
- Business
- Yahoo
Nelnet, Inc. (NYSE:NNI) Passed Our Checks, And It's About To Pay A US$0.28 Dividend
It looks like Nelnet, Inc. (NYSE:NNI) is about to go ex-dividend in the next three days. The ex-dividend date is one business day before a company's record date, which is the date on which the company determines which shareholders are entitled to receive a dividend. The ex-dividend date is important because any transaction on a stock needs to have been settled before the record date in order to be eligible for a dividend. This means that investors who purchase Nelnet's shares on or after the 2nd of June will not receive the dividend, which will be paid on the 16th of June. The company's next dividend payment will be US$0.28 per share, on the back of last year when the company paid a total of US$1.12 to shareholders. Last year's total dividend payments show that Nelnet has a trailing yield of 1.0% on the current share price of US$116.53. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. So we need to check whether the dividend payments are covered, and if earnings are growing. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. Dividends are usually paid out of company profits, so if a company pays out more than it earned then its dividend is usually at greater risk of being cut. Nelnet paid out just 21% of its profit last year, which we think is conservatively low and leaves plenty of margin for unexpected circumstances. Generally speaking, the lower a company's payout ratios, the more resilient its dividend usually is. See our latest analysis for Nelnet Click here to see how much of its profit Nelnet paid out over the last 12 months. Businesses with strong growth prospects usually make the best dividend payers, because it's easier to grow dividends when earnings per share are improving. If business enters a downturn and the dividend is cut, the company could see its value fall precipitously. With that in mind, we're encouraged by the steady growth at Nelnet, with earnings per share up 8.5% on average over the last five years. Another key way to measure a company's dividend prospects is by measuring its historical rate of dividend growth. Since the start of our data, 10 years ago, Nelnet has lifted its dividend by approximately 11% a year on average. It's encouraging to see the company lifting dividends while earnings are growing, suggesting at least some corporate interest in rewarding shareholders. Is Nelnet worth buying for its dividend? It has been growing its earnings per share somewhat in recent years, although it reinvests more than half its earnings in the business, which could suggest there are some growth projects that have not yet reached fruition. Nelnet ticks a lot of boxes for us from a dividend perspective, and we think these characteristics should mark the company as deserving of further attention. While it's tempting to invest in Nelnet for the dividends alone, you should always be mindful of the risks involved. To help with this, we've discovered 2 warning signs for Nelnet that you should be aware of before investing in their shares. Generally, we wouldn't recommend just buying the first dividend stock you see. Here's a curated list of interesting stocks that are strong dividend payers. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Washington Post
08-05-2025
- Business
- Washington Post
Nelnet: Q1 Earnings Snapshot
LINCOLN, Neb. — LINCOLN, Neb. — Nelnet Inc. (NNI) on Thursday reported earnings of $82.6 million in its first quarter. On a per-share basis, the Lincoln, Nebraska-based company said it had profit of $2.26. Earnings, adjusted for non-recurring costs, were $2.39 per share. The education services company posted revenue of $523.6 million in the period. Its adjusted revenue was $398.5 million. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on NNI at
