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FMD > SEC Filings for FMD > Form 8-K on 17-Jun-2014All Recent SEC Filings

Show all filings for FIRST MARBLEHEAD CORP

Form 8-K for FIRST MARBLEHEAD CORP


17-Jun-2014

Other Events


Item 8.01 Other Events

As previously disclosed in a Current Report on Form 8-K filed by The First Marblehead Corporation (the "Corporation") with the Securities and Exchange Commission on May 6, 2014, the Corporation and its wholly owned subsidiary, First Marblehead Education Resources, Inc. ("FMER"), entered into a twelfth amendment (the "Twelfth Amendment") with SunTrust Bank ("SunTrust") to that certain loan program agreement dated as of April 20, 2010, as amended, among the Corporation, FMER and SunTrust. The Twelfth Amendment, among other things, allows SunTrust Bank to offer the Union FederalŪ Private Student Loan Program (the "UFPSL Program"), which UFPSL Program would be funded by SunTrust, upon satisfaction of mutual conditions set forth in the Twelfth Amendment. As of June 13, 2014, the mutual conditions set forth in the Twelfth Amendment have been satisfied and the UFPSL Program funded by SunTrust was launched on June 13, 2014.


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