BRIEF-Discover Financial Services Announces Agreement to Sell Private Student Loan Portfolio-March 2024-www.financetom.com

BRIEF-Discover Financial Services Announces Agreement to Sell Private Student Loan Portfolio

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BRIEF-Discover Financial Services Announces Agreement to Sell Private Student Loan Portfolio

Jul 17, 2024 5:42 AM

July 17 (Reuters) - Discover Financial Services ( DFS ):

* DISCOVER FINANCIAL SERVICES ANNOUNCES AGREEMENT TO SELL

PRIVATE

STUDENT LOAN PORTFOLIO

* DISCOVER FINANCIAL SERVICES ( DFS ) - TO SELL STUDENT LOAN

PORTFOLIO FOR

UP TO $10.8 BILLION

* DISCOVER FINANCIAL SERVICES ( DFS ) - WELLS FARGO ACTS AS

FINANCIAL

ADVISOR TO DISCOVER

* DISCOVER FINANCIAL SERVICES ( DFS ) - DEAL WITH ONE/MORE STRATEGIC

PARTNERSHIPS COMPRISED OF INVESTMENT VEHICLES & ACCOUNTS MANAGED

BY CARLYLE & KKR

* DISCOVER FINANCIAL SERVICES ( DFS ) - FIRSTMARK SERVICES, A

DIVISION OF

NELNET ASSUMING RESPONSIBILITY FOR SERVICING PORTFOLIO UPON SALE

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