---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-050166"
form_type: "8-K"
ticker: "NAVI"
cik: "0001593538"
company_name: "NAVIENT CORP"
filed_at: "2024-12-23T23:59:59+00:00"
generated_at: "2026-05-28T23:36:42.156588+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Navient sells Government Services business to Gallant Capital; expects $25-35M loss in Q4

## Summary
- Approximately 1,200 employees included; transaction expected to close Q1 2025.
- Navient expects $25-35 million loss on sale in Q4 2024 results.
- Gov't services book value ~$50M as of Sep 30; deal structure change adds ~$20M deferred tax assets to buyer, boosting net cash.
- Follows prior sale of healthcare services for $369M ($219M gain); together exit the entire Business Processing segment.

## SEC filing metadata
- accession: 0001140361-24-050166
- form_type: 8-K
- ticker: NAVI
- cik: 0001593538
- company_name: NAVIENT CORP
- filed_at: 2024-12-23T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1593538/000114036124050166/0001140361-24-050166-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1593538/000114036124050166/ef20040430_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-050166
- JSON: https://secwatch.observer/filing/0001140361-24-050166.json
- Plain text: https://secwatch.observer/filing/0001140361-24-050166.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.