COLLEGE LOAN LLC HAS FILED A REGISTRATION STATEMENT (INCLUDING A PROSPECTUS) WITH THE SEC FOR THE OFFERING TO WHICH THIS COMMUNICATION RELATES. BEFORE YOU INVEST, YOU SHOULD READ THE PROSPECTUS IN THAT REGISTRATION STATEMENT AND THE OTHER DOCUMENTS COLLEGE LOAN LLC HAS FILED WITH THE SEC FOR MORE COMPLETE INFORMATION ABOUT COLLEGE LOAN LLC AND THIS OFFERING. YOU MAY GET THESE DOCUMENTS FOR FREE BY VISITING EDGAR ON THE SEC WEB SITE ATWWW.SEC.GOV. ALTERNATIVELY, COLLEGE LOAN LLC, ANY UNDERWRITER OR ANY DEALER PARTICIPATING IN THE OFFERING WILL ARRANGE TO SEND YOU THE PROSPECTUS IF YOU REQUEST IT BY CALLING TOLL-FREE 1-888-252-5452.
FINAL TERM SHEET
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College Loan LLC | College Loan Corporation |
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| Original Principal Amount | Interest Rate | Final Maturity Date | Price to Public | Underwriting Discount | Proceeds to Issuing Entity(1) | ||
| Class A-1 Notes | $200,000,000 | 3-month LIBOR plus 0.01% | January 25, 2023 | 100% | 0.190% | $199,620,000 | ||
| Class A-2 Notes | $278,000,000 | 3-month LIBOR plus 0.06% | July 25, 2026 | 100% | 0.220% | $277,388,400 | ||
| Class A-3 Notes | $222,000,000 | 3-month LIBOR plus 0.10% | April 25, 2029 | 100% | 0.260% | $221,422,800 | ||
| Class A-4 Notes | $75,000,000 | Auction Rate | January 25, 2047 | 100% | 0.180% | $74,865,000 | ||
| Class A-5 Notes | $75,000,000 | Auction Rate | January 25, 2047 | 100% | 0.180% | $74,865,000 | ||
| Class A-6 Notes | $75,000,000 | Auction Rate | January 25, 2047 | 100% | 0.180% | $74,865,000 | ||
| Class A-7 Notes | $75,000,000 | Auction Rate | January 25, 2047 | 100% | 0.180% | $74,865,000 | ||
| Class A-8 Notes | $75,000,000 | Auction Rate | January 25, 2047 | 100% | 0.180% | $74,865,000 | ||
| Class A-9 Notes | $75,000,000 | Auction Rate | January 25, 2047 | 100% | 0.180% | $74,865,000 | ||
| Class A-10 Notes | $75,000,000 | Auction Rate | January 25, 2047 | 100% | 0.180% | $74,865,000 | ||
| Class A-11 Notes | $75,000,000 | Auction Rate | January 25, 2047 | 100% | 0.180% | $74,865,000 | ||
| Class A-12 Notes | $50,000,000 | Auction Rate | January 25, 2047 | 100% | 0.180% | $49,910,000 | ||
| Class A-13 Notes | $50,000,000 | Auction Rate | January 25, 2047 | 100% | 0.180% | $49,910,000 | ||
| Class B-1 Notes | $25,000,000 | Auction Rate | January 25, 2047 | 100% | 0.200% | $24,950,000 | ||
| Class B-2 Notes | $25,000,000 | Auction Rate | January 25, 2047 | 100% | 0.200% | $24,950,000 | ||
| Class B-3 Notes | $25,000,000 | Auction Rate | January 25, 2047 | 100% | 0.200% | $24,950,000 | ||
| Class B-4 Notes | $25,000,000 | Auction Rate | January 25, 2047 | 100% | 0.200% | $24,950,000 | ||
| Total | $1,500,000,000 |
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| $1,496,971,200 | ||
| ____________________ | ||||||||
(1) Before deducting expenses estimated to be approximately $924,000.
The issuing entity also will issue in a privately negotiated transaction $200,000,000 aggregate principal amount of its series 2007-1 class A-14 senior reset rate notes. These notes are not being offered hereby. The aggregate initial principal balance of the offered notes and the non-offered notes is $1,700,000,000.
Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved these securities or passed upon the accuracy or adequacy of this free writing prospectus. Any representation to the contrary is a criminal offense.
This final term sheet constitutes a “free writing prospectus” within the meaning of Rule 405 under the Securities Act of 1933, as amended.
The underwriters named below are offering the offered notes subject to approval of certain legal matters by their counsel. The offered notes will be delivered in book-entry form only on March 6, 2007.
Citigroup (Joint Book Runner) | Goldman, Sachs & Co. (Joint Book Runner) | JPMorgan (Joint Book Runner) | UBS Investment Bank (Joint Book Runner) |
Deutsche Bank
(Co-Manager)
March 1, 2007