Navient announces extension of legal final maturity date of FFELP ABS, bringing total bonds extended to $4.8 billion
April 18 2016 - 5:42PM
Navient (Nasdaq:NAVI), the nation’s leading loan management,
servicing and asset recovery company, today announced the amendment
of transaction agreements for Navient-sponsored securitizations
totaling $1.2 billion of bonds backed by federally guaranteed
student loans. The amendments were effective as of April 18, 2016,
and extend the legal final maturity date on:
- SLM Student Loan Trust 2013-6 A3 tranche to 2055 and B tranche
to 2083;
- SLM Student Loan Trust 2014-2 A3 tranche to 2055 and B tranche
to 2072; and
- subordinate tranches of SLM Student Loan Trust 2008-7 and SLM
Student Loan 2008-9 to 2083.
Since December 2015, Navient has extended the legal final
maturity dates on $4.8 billion of bonds from Navient-sponsored
FFELP securitizations
Holders of other bonds may visit Navient’s online investor
communication forum at www.dealvector.com/navient to
discuss requested legal final maturity date amendments with fellow
investors or with Navient directly.
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
public and private sector 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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