Navient Announces Extension Of Legal Final Maturity Dates Of FFELP ABS, Bringing Total Bonds Extended To $8.4 Billion

WILMINGTON, Del., Nov. 29, 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 a Navient-sponsored securitization totaling $573 million of bonds backed by federally guaranteed student loans. The amendment was effective as of Nov. 29, 2016, and extended the legal final maturity date on the SLM Student Loan Trust 2013-1 A3 tranche to 2055 and the B tranche to 2070.

Since December 2015, Navient has extended the legal final maturity dates on $8.4 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 NavientAs 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.comInvestors: Joe Fisher, 302-283-4075, joe.fisher@navient.com

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