WILMINGTON, Del., June 06, 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 $1.1 billion of bonds backed by federally guaranteed student loans. The amendments were effective as of June 6, 2016, and extend the legal final maturity date on SLM Trust 2003-14 A7 and B tranches to 2065, SLM Trust 2004-3 A6 and B tranches to 2064, and the subordinate tranche of SLM Trust 2014-1 to 2068.
Since Dec. 2015, Navient has extended the legal final maturity dates on $6 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.