Navient announces extension of legal final maturity dates of FFELP ABS, bringing total bonds extended to nearly $9.8 billion
December 29 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 Navient-sponsored securitizations
totaling $512 million of bonds backed by federally guaranteed
student loans. The amendments were effective as of Dec. 28, 2016,
and extended the legal final maturity date on the A6 tranche of SLC
Student Loan Trust 2006-1 and the B tranche of SLM Student Loan
Trust 2005-4 to 2055.
Since December 2015, Navient has extended the legal
final maturity dates on nearly $9.8 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.
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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