Syndicate led by Bank of America, N.A. completes US$10.1 billion financing in connection with a joint acquisition of prime student loans

On September 6, 2024, a syndicate of lenders led Bank of America, N.A. closed a financing in connection with the US$10.1 billion acquisition of a portfolio of prime student loans from Discover Financial Services by way of a joint venture including two global investment firms, Carlyle and KKR. 

Fasken advised a syndicate of lenders led Bank of America, N.A with a team led by Elana Hahn and included Nathan Gates.