Navient Rejects Highly Conditional Low-Premium Unsolicited Expression of Interest From Canyon Capital Advisors and Platinum Equity

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Go back to Navient Rejects Highly Conditional Low-Premium Unsolicited Expression of Interest From Canyon Capital Advisors and Platinum Equity

Canyon Partners Responses to Navient (NAVI), Says it's 'Surprised' and 'Confused' by Letter

February 19, 2019 9:04 AM EST

Canyon Capital Advisors LLC (together with certain of its affiliates, "Canyon"), today sent a letter to the board of directors of Navient Corporation ("Navient") (NASDAQ: NAVI) in response to Navient's letter and press release issued on February 18, 2019.

The full text of the letter sent to Navient's board of directors can be read below:

February 19, 2019

Board of DirectorsNavient Corporation ("Navient" or the "Company")123 Justison StreetWilmington, DE 19801

Re: Your Letter and Press Release of February 18

Members of the Board:

Canyon Capital Advisors LLC (together with certain of its affiliates,... More