Subject To Completion And Modification
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
$1,500,000,000
Student Loan Asset-Backed Notes, Series 2007-2
College Loan Corporation Trust I
Issuing Entity
College Loan LLC Depositor | College Loan Corporation Sponsor and Issuer Administrator |
Proceeds Original To Principal Final Maturity Price To Underwriting Issuing Series Amount Interest Rate Date Public Discount Entity(1) - ------------------------------- ------------ --------------- ---------------- --------- ------------ ---------- 3-Month LIBOR Series 2007-2A-1 Senior Notes $400,000,000 plus 0.25% January 25, 2024 100% 0.25% 99.75% Series 2007-2A-2 Senior Notes $ 86,500,000 Auction Rate November 1, 2047 100% 0.25% 99.75% Series 2007-2A-3 Senior Notes $ 86,500,000 Auction Rate November 1, 2047 100% 0.25% 99.75% Series 2007-2A-4 Senior Notes $ 86,500,000 Auction Rate November 1, 2047 100% 0.25% 99.75% Series 2007-2A-5 Senior Notes $ 86,500,000 Auction Rate November 1, 2047 100% 0.25% 99.75% Series 2007-2A-6 Senior Notes $ 86,500,000 Auction Rate November 1, 2047 100% 0.25% 99.75% Series 2007-2A-7 Senior Notes $ 86,500,000 Auction Rate November 1, 2047 100% 0.25% 99.75% Series 2007-2A-8 Senior Notes $ 86,500,000 Auction Rate November 1, 2047 100% 0.25% 99.75% Series 2007-2A-9 Senior Notes $ 86,500,000 Auction Rate November 1, 2047 100% 0.25% 99.75% Series 2007-2A-10 Senior Notes $ 86,500,000 Auction Rate November 1, 2047 100% 0.25% 99.75% Series 2007-2A-11 Senior Notes $ 86,500,000 Auction Rate November 1, 2047 100% 0.25% 99.75% Series 2007-2A-12 Senior Notes $ 75,000,000 Auction Rate November 1, 2047 100% 0.25% 99.75% Series 2007-2A-13 Senior Notes $ 75,000,000 Auction Rate November 1, 2047 100% 0.25% 99.75% Series 2007-2A-14 Senior Notes $ 50,000,000 Auction Rate November 1, 2047 100% 0.25% 99.75% Series 2007-2B-1 Subordinate Notes $ 35,000,000 Auction Rate November 1, 2047 100% 0.32% 99.68% -------------- -------------- Total $1,500,000,000 $1,496,225,500 (1) Before deducting expenses estimated to be approximately $900,000.
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 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.
UBS Investment Bank (Joint Book Runner) | Citi (Joint Book Runner) October 24, 2007 | Goldman, Sachs & Co. (Joint Book Runner) |