Navient announces extension of legal final maturity date of FFELP ABS, bringing total bonds extended to $4.8 billion
WILMINGTON, Del., April 18, 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 $1.2 billion of bonds backed by federally guaranteed student loans. The amendments were effective as of April 18, 2016, and extend the legal final maturity date on:
- SLM Student Loan Trust 2013-6 A3 tranche to 2055 and B tranche to 2083;
- SLM Student Loan Trust 2014-2 A3 tranche to 2055 and B tranche to 2072; and
- subordinate tranches of SLM Student Loan Trust 2008-7 and SLM Student Loan 2008-9 to 2083.
Since December 2015, Navient has extended the legal final maturity dates on $4.8 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.
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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