Navient announces extension of legal final maturity dates of FFELP ABS, bringing total bonds extended to $9.3 billion
December 13 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 $170 million of bonds backed by federally guaranteed
student loans. The amendments were effective as of Dec. 12, 2016,
and extended the legal final maturity date on the B tranches of SLC
Student Loan Trust 2005-3, SLC Student Loan Trust 2006-1, and SLM
Student Loan Trust 2005-8 to 2055 and the B tranche of SLM Student
Loan Trust 2006-7 to 2056.
Since December 2015, Navient has extended the legal final
maturity dates on nearly $9.3 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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