Navient announces extension of legal final maturity date on $61 million in FFELP ABS
April 22 2016 - 9:00AM
Navient (Nasdaq:NAVI), the nation’s leading loan management,
servicing and asset recovery company, today announced the amendment
of the transaction agreement for SLC Student Loan Trust 2008-2,
totaling $61 million of bonds backed by federally guaranteed
student loans. The amendment was effective as of April 20, 2016,
and extends the legal final maturity date on the subordinate
tranche to 2066.
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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