Navient Issues $500M in 9.375% Senior Notes Due 2031

Key Highlights

• Navient completed a public offering of $500,000,000 aggregate principal amount of Senior Notes.
• The Notes carry an interest rate of 9.375% and are due in 2031.
• The offering was made under the Company's shelf registration statement on Form S-3.
• Navient entered into an Underwriting Agreement with BofA Securities, Barclays Capital, J.P. Morgan Securities, and RBC Capital Markets.
• The Notes were issued under a base indenture dated July 18, 2014, and a seventeenth supplemental indenture dated May 29, 2026.