New Hampshire Higher Education Loan Corporation Announces Amendments to Dutch Auction Tender Offer with Respect to Education Loan Revenue Bonds

Jun 02, 2010, 10:18 ET from New Hampshire Higher Education Loan Corporation

CONCORD, N.H., June 2 /PRNewswire/ -- The New Hampshire Higher Education Loan Corporation (the "Corporation") today announced that it has amended its offer to purchase (the "Offer") for cash, upon the terms and subject to the conditions set forth in the Invitation to Offer to Sell Auction Rate Bonds, dated May 24, 2010 (the "Original Invitation"), pursuant to a First Supplement to Invitation to Offer to Sell Auction Rate Bonds, dated June 2, 2010 (the "First Supplement"), with respect to the outstanding auction rate Education Loan Revenue Bonds listed below (collectively the "Bonds").


New Hampshire Health and Education Facilities Authority

Education Loan Revenue Bonds

New Hampshire Higher Education Loan Corporation Issues

(the "Tax Exempt Senior Auction Rate Bonds")





Series

CUSIP Number1

Series

CUSIP Number1





2000A3

644614 AD 1

2004A2

644614 HH 5

2001A

644614 CV 9

2005A1

64461R FH 6

2002A

644614 EX 3

2005A2

64461R FJ 2

2003A

644614 FQ 7

2006A

644614 PC 7

2004A1

644614 HG 7

2007A

644614 SJ 9





New Hampshire Health and Education Facilities Authority

Education Loan Revenue Bonds

New Hampshire Higher Education Loan Corporation Issues

(the "Tax Exempt Subordinate Auction Rate Bonds")





Series

CUSIP Number1

Series

CUSIP Number1





1998B

64461R DK 1

2004B

644614 HJ 1

1999B

64461R FC 7

2005B

64461R FK 9

2001B

644614 CW 7

2006B

644614 PD 5

2002B

644614 EY 1

2007B

644614 SK 6






New Hampshire Higher Education Loan Corporation

Education Loan Revenue Bonds

(the "Taxable Senior Auction Rate Bonds")





Series

CUSIP Number1

Series

CUSIP Number1





1997A1

644616 AA 2

2001A2

644616 AM 6

1998A1

644616 AD 6

2002A1

644616 AQ 7

1998A2

644616 AE 4

2004A1

644616 AR 5

1999A1

644616 AF 1

2004A2

644616 AS 3

1999A2

644616 AG 9

2006A1

644616 AT 1

2000A1

644616 AJ 3

2006A2

644616 AU 8

2000A2

644616 AK 0

2006A3

644616 AV 6

2001A1

644616 AL 8

2007A1

644622 AA 0




The Corporation has added the New Hampshire Health and Education Facilities Authority, Education Loan Revenue Bonds, New Hampshire Higher Education Loan Corporation Issue, Series 1998B to the series of Bonds for which it will consider offers to purchase, and has determined that it will not obtain rating confirmations on the Bonds in connection with certain proposed amendments to the documents governing the Bonds.  The Corporation has determined that it will seek the consent of a majority of the bondowners of the Bonds in order to effect all such amendments.  The Corporation will not be extending the expiration of the Offer in connection with the First Supplement.  The Offer will still expire at 5:00 p.m., New York City time, on June 18, 2010, unless extended (the "Expiration Date").  Tendered Bonds may be withdrawn at any time on or prior to 5:00 p.m., New York City time, on the Expiration Date.

(1) CUSIP is a registered trademark of American Bankers Association.  None of the Corporation, the Authority or the Depositary Agent makes any representation as to, or takes any responsibility for, the accuracy of such CUSIP numbers.  CUSIP numbers are provided for convenience of reference only

D.F. King & Co., Inc. is acting as the information agent and depositary agent.  Bondowners or their representatives may request copies of the Original Invitation and the First Supplement, which contain the full terms and conditions of the Offer, and submit any questions or requests for assistance to:

D.F. KING & CO., INC.

48 Wall Street, 22nd Floor

New York, New York  10005

Attn: Mark Fahey

Banks and Brokers Call:  (212) 269-5550

All Others call Toll Free:  (800) 859-8509



This press release is for informational purposes only and is not an offer to purchase or a solicitation of an offer to purchase with respect to any Bonds.  The Offer is being made solely pursuant to the Invitation and related documents.  The Offer is not being made to holders of Bonds in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction.

SOURCE New Hampshire Higher Education Loan Corporation