other material
confidence high
sentiment neutral
materiality 0.30
Navient affiliate to hold all A-6B notes; bid on A-6C notes at SOFR+1.50%
SLM Student Loan Trust 2006-7
- Affiliate holds all $28.55M Class A-6B notes; will submit Hold Order at June 24 auction.
- For Class A-6C notes ($28.55M outstanding), affiliate holds $28.5M; will bid for remainder at 30-day SOFR+1.50% on June 26.
- Affiliate will also submit Hold Order for its currently held Class A-6C notes.