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[8-K] NELNET INC Reports Material Event

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Nelnet, Inc. announced a definitive agreement for its wholly owned subsidiary Nelnet Canada, Inc. to acquire Finastra’s Canadian student loan servicing business for CAD $130 million (approximately USD $93 million) in cash. The deal is expected to close in the first calendar quarter of 2026, subject to customary closing conditions.

The seller is DH Corporation, a wholly owned subsidiary of Finastra Holdings Limited. The company furnished a press release as Exhibit 99.1. This transaction expands Nelnet’s presence in student loan servicing, adding Canadian operations under its platform once the acquisition closes.

Nelnet, Inc. ha annunciato un accordo definitivo per la controllata interamente posseduta Nelnet Canada, Inc. di acquisire l'attività canadese di gestione dei prestiti studenteschi di Finastra per CAD $130 milioni (circa USD $93 milioni) in contanti. L'operazione dovrebbe chiudersi nel primo trimestre del calendario 2026, soggetta alle condizioni di chiusura abituali.

Il venditore è DH Corporation, controllata interamente da Finastra Holdings Limited. L'azienda ha fornito un comunicato stampa come Esibizione 99.1. Questa operazione espande la presenza di Nelnet nel servizi di gestione dei prestiti studenteschi, aggiungendo operazioni canadesi sotto la sua piattaforma una volta che l'acquisizione si chiuderà.

Nelnet, Inc. anunció un acuerdo definitivo para que su filial 100% propiedad Nelnet Canada, Inc. adquiera el negocio canadiense de servicios de préstamos estudiantiles de Finastra por CAD $130 millones (aproximadamente USD $93 millones) en efectivo. Se espera que la operación se cierre en el primer trimestre calendario de 2026, sujeto a las condiciones de cierre habituales.

El vendedor es DH Corporation, una filial 100% propiedad de Finastra Holdings Limited. La empresa proporcionó un comunicado de prensa como Exhibit 99.1. Esta transacción amplía la presencia de Nelnet en el servicio de préstamos estudiantiles, añadiendo operaciones canadienses bajo su plataforma una vez que se cierre la adquisición.

Nelnet, Inc.은 완전소유의 자회사 Nelnet Canada, Inc.가 Finastra의 캐나다 학생 대출 관리 사업부를 현금으로 CAD $130 백만 (약 USD $93 백만)에 인수하기 위한 확정 계약을 발표했다. 거래는 일반적인 종결 조건에 따라 2026년 첫 분기에 마감될 것으로 예상된다.

매도자는 DH Corporation으로, Finastra Holdings Limited의 전액 출자 자회사이다. 회사는 Exhibit 99.1로 보도자료를 제공했다. 이 거래는 Nelnet의 학생 대출 관리 서비스 분야에서의 입지를 확장하고, 인수 완료 후 플랫폼 아래 캐나다 운영을 추가하게 될 것이다.

Nelnet, Inc. a annoncé un accord définitif pour que sa filiale en propriété exclusive Nelnet Canada, Inc. acquière l'activité canadienne de gestion des prêts étudiants de Finastra pour CAD 130 millions de dollars (environ USD 93 millions de dollars) en espèces. L'opération devrait être clôturée au cours du premier trimestre civil de 2026, sous réserve des conditions de clôture habituelles.

Le vendeur est DH Corporation, une filiale entièrement détenue de Finastra Holdings Limited. La société a fourni un communiqué de presse comme Exhibit 99.1. Cette transaction étend la présence de Nelnet dans la gestion des prêts étudiants, en ajoutant des opérations canadiennes sous sa plateforme une fois l'acquisition clôturée.

Nelnet, Inc. gab eine endgültige Vereinbarung bekannt, wonach seine vollständig im Eigentum befindliche Tochter Nelnet Canada, Inc. das kanadische Servicing-Geschäft für Studiendarlehen von Finastra für CAD $130 Millionen (ungefähr USD $93 Millionen) in bar erwerben wird. Der Abschluss der Transaktion wird voraussichtlich im ersten Kalendervierteljahr 2026 erfolgen, vorbehaltlich üblicher Abschlussbedingungen.

Der Verkäufer ist DH Corporation, eine vollständig im Besitz von Finastra Holdings Limited befindliche Tochtergesellschaft. Das Unternehmen hat eine Pressemitteilung als Exhibit 99.1 beigefügt. Diese Transaktion erweitert Nelnets Präsenz im Bereich der Studiendarlehensdienstleistungen und fügt kanadische Operationen unter seiner Plattform hinzu, sobald der Erwerb abgeschlossen ist.

Nelnet, Inc. أعلن عن اتفاق نهائي لشركةه التابعة المملوكة بالكامل Nelnet Canada, Inc. لشراء نشاط إدارة قروض الطلاب الكندي من Finastra بمبلغ CAD $130 مليون (حوالي USD $93 مليون) نقداً. من المتوقع أن تُغلق الصفقة في الربع الأول من تقويم 2026، وفقاً للشروط الإغلاق المعتادة.

البائع هو DH Corporation، وهي شركة تابعة مملوكة بالكامل لـFinastra Holdings Limited. قدمت الشركة بياناً صحفياً كمعرض 99.1. توسع هذه الصفقة حضور Nelnet في خدمات إدارة قروض الطلاب، مضيفة عمليات كندية ضمن منصتها بعد إغلاق الاستحواذ.

Nelnet, Inc. 宣布已就其全资子公司 Nelnet Canada, Inc. 与 Finastra 的加拿大学生贷款服务业务达成最终协议,价格为 CAD $130 百万(约 USD $93 百万)现金交易。交易预计在2026年第一季度结束,需符合通常的成交条件。

卖方为 DH Corporation,是 Finastra Holdings Limited 的全资子公司。公司提供了作为 Exhibit 99.1 的新闻稿。此次交易将扩大 Nelnet 在学生贷款服务领域的存在,在收购完成后将加拿大运营纳入其平台之下。

Positive
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Insights

Cash acquisition of Canadian loan servicer for CAD $130M.

Nelnet Canada agreed to buy Finastra’s Canadian student loan servicing business for CAD $130 million (about USD $93 million) in cash. The transaction adds a defined servicing operation in Canada, contingent on customary closing conditions.

The deal is expected to close in the first calendar quarter of 2026. Closing and integration outcomes will depend on completing those conditions; the filing does not detail operational or financial targets.

Upon closing, scope and contribution will be clearer in subsequent disclosures, including any updates on servicing volumes or financial impacts tied to the acquired business.

Nelnet, Inc. ha annunciato un accordo definitivo per la controllata interamente posseduta Nelnet Canada, Inc. di acquisire l'attività canadese di gestione dei prestiti studenteschi di Finastra per CAD $130 milioni (circa USD $93 milioni) in contanti. L'operazione dovrebbe chiudersi nel primo trimestre del calendario 2026, soggetta alle condizioni di chiusura abituali.

Il venditore è DH Corporation, controllata interamente da Finastra Holdings Limited. L'azienda ha fornito un comunicato stampa come Esibizione 99.1. Questa operazione espande la presenza di Nelnet nel servizi di gestione dei prestiti studenteschi, aggiungendo operazioni canadesi sotto la sua piattaforma una volta che l'acquisizione si chiuderà.

Nelnet, Inc. anunció un acuerdo definitivo para que su filial 100% propiedad Nelnet Canada, Inc. adquiera el negocio canadiense de servicios de préstamos estudiantiles de Finastra por CAD $130 millones (aproximadamente USD $93 millones) en efectivo. Se espera que la operación se cierre en el primer trimestre calendario de 2026, sujeto a las condiciones de cierre habituales.

El vendedor es DH Corporation, una filial 100% propiedad de Finastra Holdings Limited. La empresa proporcionó un comunicado de prensa como Exhibit 99.1. Esta transacción amplía la presencia de Nelnet en el servicio de préstamos estudiantiles, añadiendo operaciones canadienses bajo su plataforma una vez que se cierre la adquisición.

Nelnet, Inc.은 완전소유의 자회사 Nelnet Canada, Inc.가 Finastra의 캐나다 학생 대출 관리 사업부를 현금으로 CAD $130 백만 (약 USD $93 백만)에 인수하기 위한 확정 계약을 발표했다. 거래는 일반적인 종결 조건에 따라 2026년 첫 분기에 마감될 것으로 예상된다.

매도자는 DH Corporation으로, Finastra Holdings Limited의 전액 출자 자회사이다. 회사는 Exhibit 99.1로 보도자료를 제공했다. 이 거래는 Nelnet의 학생 대출 관리 서비스 분야에서의 입지를 확장하고, 인수 완료 후 플랫폼 아래 캐나다 운영을 추가하게 될 것이다.

Nelnet, Inc. a annoncé un accord définitif pour que sa filiale en propriété exclusive Nelnet Canada, Inc. acquière l'activité canadienne de gestion des prêts étudiants de Finastra pour CAD 130 millions de dollars (environ USD 93 millions de dollars) en espèces. L'opération devrait être clôturée au cours du premier trimestre civil de 2026, sous réserve des conditions de clôture habituelles.

Le vendeur est DH Corporation, une filiale entièrement détenue de Finastra Holdings Limited. La société a fourni un communiqué de presse comme Exhibit 99.1. Cette transaction étend la présence de Nelnet dans la gestion des prêts étudiants, en ajoutant des opérations canadiennes sous sa plateforme une fois l'acquisition clôturée.

Nelnet, Inc. gab eine endgültige Vereinbarung bekannt, wonach seine vollständig im Eigentum befindliche Tochter Nelnet Canada, Inc. das kanadische Servicing-Geschäft für Studiendarlehen von Finastra für CAD $130 Millionen (ungefähr USD $93 Millionen) in bar erwerben wird. Der Abschluss der Transaktion wird voraussichtlich im ersten Kalendervierteljahr 2026 erfolgen, vorbehaltlich üblicher Abschlussbedingungen.

Der Verkäufer ist DH Corporation, eine vollständig im Besitz von Finastra Holdings Limited befindliche Tochtergesellschaft. Das Unternehmen hat eine Pressemitteilung als Exhibit 99.1 beigefügt. Diese Transaktion erweitert Nelnets Präsenz im Bereich der Studiendarlehensdienstleistungen und fügt kanadische Operationen unter seiner Plattform hinzu, sobald der Erwerb abgeschlossen ist.

0001258602false00012586022025-10-232025-10-23

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
October 23, 2025
Nelnet_Logo_color1.jpg
NELNET, INC.
(Exact name of registrant as specified in its charter)
Nebraska001-3192484-0748903
(State or other jurisdiction of incorporation)(Commission File Number)(I.R.S. Employer Identification No.)
121 South 13th Street, Suite 100
Lincoln,Nebraska68508
(Address of principal executive offices)(Zip Code)
Registrant's telephone number, including area code (402) 458-2370
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading SymbolName of each exchange on which registered
Class A Common Stock, Par Value $0.01 per ShareNNINew York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company    
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.                                    ☐



Item 8.01 Other Events.
On October 23, 2025, Nelnet, Inc. (the “Company”) issued a press release announcing it, along with Nelnet Canada, Inc. (“Nelnet Canada”), a wholly owned subsidiary of the Company, entered into a definitive and binding purchase agreement (the “Agreement”) with DH Corporation, a wholly owned subsidiary of Finastra Holdings Limited (“Finastra”), pursuant to which Nelnet Canada will acquire Finastra’s Canadian student loan servicing business for a purchase price of CAD $130 million (approximately USD $93 million) in cash. The transaction is expected to close in the first calendar quarter of 2026, subject to customary closing conditions. A copy of the press release is furnished as Exhibit 99.1 to this report.

The above information and Exhibit 99.1 shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”), nor shall such information and Exhibit be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.


Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. The following exhibit is furnished as part of this report:
Exhibit No.Description
99.1*
Press Release dated October 23, 2025 - "Nelnet Canada to Acquire Canadian Student Loan Servicing Business"
104Cover Page Interactive Data File (formatted as Inline XBRL and included as Exhibit 101).
*Furnished herewith





SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

NELNET, INC.
Date: October 23, 2025                By:    /s/ JAMES D. KRUGER
Name:    James D. Kruger
Title:    Chief Financial Officer



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