GS2 announced that on December 23, 2016 it closed two separate private asset-backed securitizations totaling $268,000,000

January 20, 2017
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Goal Structured Solutions, Inc. (“GS2”), an employee owned education finance company, announced that on December 23, 2016 it closed two separate private asset-backed securitizations totaling $268 million initial principal amount of Private Credit Student Loan Backed Notes (collectively, the “Notes”). The Notes were issued by Goal Structured Solutions Trust 2016-A, a Delaware statutory trust (“2016-A”) and Goal Structured Solutions Trust 2016-B, a Delaware statutory trust (“2016-B”). Goal Structured Solutions, Inc. and its affiliates served as the Sponsor, Master Servicer and Administrator of both transactions.

The Notes are secured by portfolios of private (non-Federal Family Education Loan Program) student loans.

The first of these transactions, 2016-A, was a $120 million transaction consisting of three classes of Notes comprising $92 million initial principal amount of Class A-1 Notes (Rated AAA), $14.3 million initial principal amount of Class A-2 Notes (Rated AA), and $13.6 million principal amount of Class B Notes (Rated A). The second transaction, 2016-B, was a $147.9 million transaction consisting of three classes of Notes comprising $110 million initial principal amount of Class A-1 Notes (Rated AAA), $17 million initial principal amount of Class A-2 Notes (Rated AA), and $20.7 million principal amount of Class B Notes (Rated A). Bank of America, Merrill Lynch served as the Initial Purchaser of the Notes and all Notes were rated at the closing by DBRS, Inc.

“We are pleased to have completed our eighth transaction over the last 6 years and our eighteenth securitization transaction overall, bringing our total issuance to $12.3 billion of student loan-backed securities to date,” stated Ken Ruggiero, Chairman and CEO of Goal Structured Solutions. Mr. Ruggiero added, “We view the completion of 2016-A and 2016-B transactions as a strategic win for GS2 by adding value to our clients and offering innovative financing solutions to the marketplace.”

The Notes for both transactions were not registered under federal or any state securities laws and were offered only to qualified institutional buyers under Rule 144A and Regulation S under the federal securities laws.

This press release is not an offer to sell, nor a solicitation of an offer to buy, any securities, nor shall there be any sale of these securities in any state or jurisdiction in which the offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.


About Goal Structured Solutions, Inc.
Goal Structured Solutions, Inc. (“GS2”), is an administrator and developer of student loan programs, including student loan programs conducted by unaffiliated parties. GS2 is an award-winning, values guided, employee owned, education finance asset management company providing a comprehensive array of products and services, including: trust administration, portfolio management, loan performance analytics and capital markets advisory services to the education finance marketplace. GS2 currently manages over $26 billion of private and federally-guaranteed student loans for its clients and partners. In addition to providing services, GS2 has deployed over $100 million of capital in acquiring over $3 billion of performing and non-performing loan portfolios. Goal Structured Solutions has 57 full time employees and is headquartered at 402 West Broadway, 20th Floor, San Diego, CA 92101.

About Credit Ratings
Credit ratings are opinions of the relevant rating agency. They are not facts and are not opinions of Goal Structured Solutions, Inc. or its subsidiaries or affiliates. They are not recommendations to purchase, sell or hold any securities and can be changed or withdrawn at any time.