other_material
confidence high
sentiment neutral
materiality 0.10
Navient affiliate to hold all Class A-6B Notes, buy remaining A-6C Notes at SOFR+1.50%
SLM Student Loan Trust 2006-7
- Affiliate holds all $32.7M Class A-6B Notes; will submit Hold Order at June 25 auction.
- For June 27 auction, affiliate will buy outstanding Class A-6C Notes at 30-day SOFR+1.50%.
- Affiliate currently holds $32.65M of $32.7M Class A-6C Notes; will Hold for its position.
- Event Notice filed under the Trust's indenture; no other material changes reported.
item 8.01item 9.01