other material
confidence high
sentiment neutral
materiality 0.05
Navient affiliate plans Hold Order on $27.75M A-6B notes, SOFR+1.50% buy bid for A-6C in Oct 2026 auctions
SLM Student Loan Trust 2006-7
- Navient affiliate holds all $27,750,000 Class A-6B Notes (CUSIP 78443GAG0); for the Oct 14, 2026 auction it plans to submit a Hold Order.
- Affiliate holds $27,700,000 of the $27,750,000 Class A-6C Notes (CUSIP 78443GAH8); in the Oct 16, 2026 auction it will buy-bid all notes it does not hold.
- 8-K body states the A-6C bid rate as 30-day Average SOFR + 0.11448% + 1.50% per annum; Exhibit 99.1 Event Notice states SOFR + 1.50% per annum.
- Event Notice dated October 9, 2026; notes issued under an indenture dated August 1, 2006; contact is Mai Le-Cao, Managing Director, Navient Solutions, 703-984-6736.