Navient Corporation (NASDAQ:NAVI) Files An 8-K Other EventsItem 8.01 OTHER EVENTS
On April 4, 2018, Navient Corporation (the “Company”) received notice of a filing on Schedule 13D by Canyon Capital Advisors. The Company released a statement in response to the filing which is attached hereto as Exhibit 99.1.
|
Item 8.01 FINANCIAL STATEMENTS AND EXHIBITS |
|
Exhibit Number |
Description |
|
99.1 |
Press Release dated April 4, 2018. |
NAVIENT CORP ExhibitEX-99.1 2 exhibit991.htm ADDITIONAL EXHIBITS Blueprint NEWS RELEASE For immediate release Navient statement on schedule 13D filing by Canyon Capital Advisors WILMINGTON,…To view the full exhibit click here
About Navient Corporation (NASDAQ:NAVI)
Navient Corporation is a loan management, servicing and asset recovery company. The Company holds the portfolio of education loans insured or guaranteed under the Federal Family Education Loan Program (FFELP), as well as the portfolio of Private Education Loans. FFELP Loans are insured or guaranteed by state based on guaranty agreements among the United States Department of Education (ED) and these agencies. Private Education Loans are education loans to students or their families that bear the full credit risk of the customer and any cosigner. The Company operates in three segments: FFELP Loans, Private Education Loans and Business Services. The Company services its own portfolio of education loans, as well as those owned by banks, credit unions, non-profit education lenders and ED. It also provides asset recovery services on its own portfolio, guaranty agencies, higher education institutions, ED and other federal clients, as well as states, courts and municipalities.
