Navient Completes $543 Million Securitization Backed By Refinance Student Loans
HERNDON, Va., September 18, 2025 — Navient (Nasdaq: NAVI) today announced the successful closing of its $543 million Navient Refinance Loan Trust (NAVRL) 2025-B transaction on September 16. This is our second securitization of 2025 backed by refinance student loans. The collateral continues to reflect our best-in-class credit underwriting capabilities while providing our investor community assets they can depend on for predictable and targeted returns.
Pricing and Yield:
Class | Size | WAL | Moody’s/DBRS | Coupon |
A | 507M | 3.38 | Aaa/AAA | 4.72% |
B | 13M | 9.25 | NR/AA | 5.44% |
C | 23M | 9.25 | NR/AA | 5.79% |
BofA Securities (str.), J.P. Morgan, Barclays, RBC Capital Markets, and Atlas SP managed the deal.
About Navient
Navient (Nasdaq: NAVI) helps students and families confidently manage the cost of higher education. We create long-term value for customers and investors through responsible lending, flexible refinancing, trusted servicing oversight, and decades of portfolio management expertise. Our employees thrive in a culture of belonging, where they are supported and proud to deliver meaningful outcomes. Learn more at navient.com.
Contacts
Media: Cate Fitzgerald, 317-806-8775, catherine.fitzgerald@navient.com
Investors: Jen Earyes, 703-984-6801, jen.earyes@navient.com