Navient announces call of $636 million in student loan trusts
September 21 2015 - 8:46PM
Navient (Nasdaq:NAVI), the nation's leading loan management,
servicing and asset recovery company, today announced that it is
exercising call options on four trusts, SLM Student Loan Trusts
2004-6, 2004-9, 2005-1, 2005-2, backed by federally guaranteed
student loans. As a result, all outstanding bonds issued by the
four trusts representing $636 million of bonds will be repaid on
Oct. 26, 2015.
Earlier this year, the company exercised its call option with
respect to eight trusts representing $429 million in bonds,
bringing the year-to-date total to $1.1 billion in twelve
trusts.
About Navient
As the nation's leading loan management, servicing and asset
recovery company, Navient (Nasdaq:NAVI) helps customers navigate
the path to financial success. Servicing more than $300 billion in
student loans, the company supports the educational and economic
achievements of more than 12 million Americans. A growing number of
government and higher education clients rely on Navient for proven
solutions to meet their financial goals. Learn more at
navient.com.
CONTACT: Media: Patricia Nash Christel, 302-283-4076, patricia.christel@navient.com
Investors: Joe Fisher, 302-283-4075, joe.fisher@navient.com
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