Navient announces extension of legal final maturity dates of FFELP ABS, bringing total bonds extended to $7.8 billion
November 15 2016 - 9:00AM
Navient (Nasdaq:NAVI), the nation’s leading loan management,
servicing and asset recovery company, today announced the amendment
of transaction agreements for a Navient-sponsored securitization
totaling $469 million of bonds backed by federally guaranteed
student loans. The amendment was effective as of Nov. 14, 2016, and
extended the legal final maturity date to 2049 on the A3 tranche of
Navient Trust 2014-8.
Since December 2015, Navient has extended the legal final
maturity dates on $7.8 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 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
Navient (NASDAQ:NAVI)
Historical Stock Chart
From Mar 2024 to Apr 2024
Navient (NASDAQ:NAVI)
Historical Stock Chart
From Apr 2023 to Apr 2024