Educational Services of America prcied $201 million of asset-backed securities backed by Federal Family Education Loan Program (FFELP) rehabilitated student loans.

Moody's Investors Service and Fitch Ratings have assigned provisional ratings of ‘Aaa’/ ‘AAA’ respectively to the class A notes and  ‘A3’ / ‘A’ respectively to the class B notes to be issued by Edsouth Indenture No. 5, LLC, Series 2014-1. According to Thomson Reuters the class A's priced at 70 basis points over the one-month Libor and the class B notes priced at 100 basis points over the one-month Libor.

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