Nelnet buys CIBC’s Canadian lending unit

Published 1 Min Read

Nelnet Inc. announced the acquisition of EDULINX Canada Corp. from CIBC for an undisclosed price. The transaction is expected to close on or about Nov. 30. EDULINX, services approximately one million student loans totaling approximately $7 billion, will remain a Canadian company and will complement Nelnet’s current U.S. operations.


For reprint and licensing requests for this article, click here.


More From Asset Securitization Report