NELNET INC 8-K

What Happened
Nelnet, Inc. announced on February 2, 2026 (Form 8-K) that it, through its wholly owned subsidiary Nelnet Canada, Inc., completed the previously announced acquisition of Finastra Holdings Limited’s Canadian student loan servicing business. The purchase was made under a definitive agreement dated October 22, 2025, and the total cash consideration was CAD $130.5 million (approximately USD $95 million), subject to customary adjustments. The transaction entry was previously disclosed in Nelnet’s 8-K filed October 23, 2025.

Key Details

• Completion date: February 2, 2026 (8-K filing date).
• Buyer: Nelnet Canada, Inc., a wholly owned subsidiary of Nelnet, Inc.
• Seller/Target: DH Corporation, a wholly owned subsidiary of Finastra Holdings Limited (Finastra’s Canadian student loan servicing business).
• Purchase price: CAD $130.5 million (~USD $95 million) in cash, subject to customary post-closing adjustments.
• Purchase agreement date: October 22, 2025; prior disclosure: 8-K filed October 23, 2025.

Why It Matters
The acquisition expands Nelnet’s student loan servicing footprint into Canada and adds a servicing business that could contribute recurring servicing revenue and diversify the company’s geographic presence. The 8-K does not provide projected financial impacts or integration details; investors should look for future disclosures (quarterly filings, investor presentations) for information on how the deal affects Nelnet’s revenues, costs, and portfolio size.