Navient announces $509 million FFELP ABS legal final maturity date extension, bringing total bonds extended to $7.3 billion
October 04 2016 - 4:15PM
Navient (Nasdaq:NAVI), the nation’s leading loan management,
servicing and asset recovery company, today announced an amendment
extending the final maturity date of $509 million in bonds issued
by a Navient-sponsored securitization backed by federally
guaranteed student loans. The amendment was effective as of Oct. 4,
2016, and extended the legal final maturity date to June 27, 2044,
on the Class A3 Notes issued by SLM Student Loan Trust 2013-5.
Since December 2015, Navient has extended the legal final
maturity dates on $7.3 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 NavientAs 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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