Navient announces extension of legal final maturity dates of FFELP ABS, bringing total bonds extended to $9.3 billion
WILMINGTON, Del., Dec. 13, 2016 (GLOBE NEWSWIRE) -- 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.
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.
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