Compass Point Raises Price Target on Navient (NAVI) Following 1Q Earnings Call
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Navient Reports First-Quarter 2016 Financial Results
April 19, 2016 4:16 PM EDTAcquired over $1.5 Billion of FFELP LoansCompleted Two FFELP ABS Transactions through April 14Extended $7.5 Billion FFELP ABCP Facility to 2018Private Education Loan Charge-Offs down 24 Percent from Year-Ago Quarter
WILMINGTON, Del., April 19, 2016 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI) today released its first-quarter 2016 financial results that include $1.5 billion of education loan purchases, two asset-backed securities (ABS) transactions and an extension of its $7.5 billion FFELP asset-backed commercial paper (ABCP) facility to 2018. Private education loan charge-offs were down 24 percent from the year-ago quarter.
This quarters results benefited from the continued... More
Navient announces extension of legal final maturity date of FFELP ABS, bringing total bonds extended to $4.8 billion
April 18, 2016 5:42 PM EDTWILMINGTON, Del., April 18, 2016 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI), the nations leading loan management, servicing and asset recovery company, today announced the amendment of transaction agreements for Navient-sponsored securitizations totaling $1.2 billion of bonds backed by federally guaranteed student loans. The amendments were effective as of April 18, 2016, and extend the legal... More
