DealVector’s Consent Solicitation Service Succeeds for Higher Education Loan Authority of the State of Missouri

DealVector worked as Information Agent with the Higher Education Loan Authority of the State of Missouri to successfully amend the MHELA 2010-1 indenture.

Higher Education Loan Authority of the State of Missouri Announces Commencement of Consent Solicitation with Respect to Certain of its Student Loan Asset-Backed Notes

Re:      Missouri Higher Education Loan Authority Student Loan Asset-Backed Notes (LIBOR Floating Rate Notes)

Series 2010-1                               CUSIP:  606072 KP0

St. Louis, Missouri — October 28, 2020 – On September 29, 2020, the Higher Education Loan Authority of the State of Missouri (the “Authority”) commenced a solicitation (the “Solicitation”) for consents of owners of the Notes to amend the indenture (the “Indenture”) under which the series of notes referenced above (the “Notes”) were issued to permit the redemption of all, but not part, of the Notes from any source of funds at a redemption price of 100% of the principal amount outstanding, plus accrued interest, without premium.  The Solicitation expired at 5:00 p.m. Eastern time on October 27, 2020 (the “Expiration Time”).

The Authority announced today that, based on the count by DealVector, Inc., the information agent (the “Information Agent”), and U.S. Bank National Association, as Trustee (the “Trustee”), as of the Expiration Time, it has receive the requisite consents for such amendment of the Indenture from the registered owners of a majority of the collective aggregate principal amount of the Notes outstanding.  The Authority further announced that it has entered into an amendment to the Indenture with the Trustee in substantially the form set forth in the documents relating to the Solicitation.

The amendment of the Indenture and the determination of the Authority to redeem the Notes shall be independent of each other and any other student loan asset backed obligations issued by the Authority.  The Authority may seek similar consents for other student loan asset-backed obligations.

This press release is for informational purposes only and is not an offer to purchase or a solicitation of an offer to purchase the Notes.