Navient announces extension of legal final maturity dates of FFELP ABS, bringing total bonds extended to $9.1 billion
06 December 2016 - 1:00AM
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 $706 million of bonds backed by federally guaranteed
student loans. The amendments were effective as of Dec. 2, 2016,
and extended the legal final maturity date on the SLM Student Loan
Trust 2013-3 A3 tranche to 2055 and the B tranche to 2076 and the B
tranche of SLM Student Loan Trust 2012-5 to 2075.
Since December 2015, Navient has extended the legal final
maturity dates on $9.1 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.
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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