Mayer Brown advises Nelnet on $26 billion agreement with Klarna to support Pay in 4 growth in US
Mayer Brown is advising Nelnet, a US-based financial services and investment firm, on its entry into a multi-year forward flow agreement with Klarna, the global digital bank and flexible payments provider.
The agreement enables Klarna to sell newly originated, short-term, interest-free Pay in 4 receivables to Nelnet on a rolling basis. Over the life of the program, up to $26 billion in total payment volumes are expected to be sold. The transaction delivers scalable and efficient funding to power Klarna’s US growth, while enhancing balance sheet flexibility and supporting long-term capital strategy.
The Mayer Brown team was led by partner Stuart Litwin and included partners Jim Antonopoulos, JP Bernard, Rudgee Charles, Steven Garden, and Jeffrey Taft, counsel Mike Loquercio, and associates Josh Gruensfelder and Bruno Paccola in the firm’s Chicago, New York, and Washington DC offices.
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