NAVIENT CORP (NAVI): debt financing — Navient completes $500M offering of 9.375% Senior Notes due 2030

NAVIENT CORP

Issued $500M aggregate principal of 9.375% Senior Notes due 2030 on May 4, 2023.
Underwriting agreement signed May 1, 2023 with RBC, Barclays, BofA, and J.P. Morgan.
Notes issued under July 2014 base indenture as supplemented by fourteenth supplemental indenture.
Offering made under existing shelf registration statement (Form S-3, filed April 20, 2023).

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

NAVIENT CORP incurred senior notes of $500,000,000 with The Bank of New York Mellon at 9.375% maturing 2030.

Instrument: senior notes
Principal: $500,000,000
Counterparty: The Bank of New York Mellon
Rate: 9.375%
Maturity: 2030
Event: incurrence

Exact text from the filing

On May 4, 2023, Navient Corporation (the “ Company ”) completed a public offering of $500,000,000 aggregate principal amount of its 9.375% Senior Notes due 2030 (the “ Notes ”).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

NAVIENT CORP entered into Underwriting Agreement with RBC Capital Markets, LLC, Barclays Capital Inc., BofA Securities, Inc. and J.P. Morgan Securities LLC valued at $500,000,000 (effective 2023-05-01).

Action: entry
Agreement: underwriting
Counterparty: RBC Capital Markets, LLC, Barclays Capital Inc., BofA Securities, Inc. and J.P. Morgan Securities LLC
Value: $500,000,000
Effective: 2023-05-01

Exact text from the filing

On May 4, 2023, Navient Corporation (the “ Company ”) completed a public offering of $500,000,000 aggregate principal amount of its 9.375% Senior Notes due 2030 (the “ Notes ”).

View on SEC.gov

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Source: SEC EDGAR

accession 0001193125-23-136014

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