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Sallie Mae Strikes Major Loan Deal With KKR in Bid to Boost Lending Capacity
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Sallie Mae Strikes Major Loan Deal With KKR in Bid to Boost Lending Capacity
NEWARK, DE — Sallie Mae has entered into a multi-year strategic partnership with global investment firm KKR, a deal designed to expand the lender’s origination capacity while shifting a significant portion of new private education loans off its balance sheet. Under the agreement, KKR will purchase an initial seed portfolio of private education loans and commit to buying at least $2 billion in newly originated loans annually over an initial three…
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