---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-136014"
form_type: "8-K"
ticker: "NAVI"
cik: "0001593538"
company_name: "NAVIENT CORP"
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T22:01:09.793972+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Navient completes $500M offering of 9.375% Senior Notes due 2030

## Summary
- 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).

## SEC filing metadata
- accession: 0001193125-23-136014
- form_type: 8-K
- ticker: NAVI
- cik: 0001593538
- company_name: NAVIENT CORP
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1593538/000119312523136014/0001193125-23-136014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1593538/000119312523136014/d360018d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-136014
- JSON: https://secwatch.observer/filing/0001193125-23-136014.json
- Plain text: https://secwatch.observer/filing/0001193125-23-136014.txt

## Key facts
- Debt Financings
  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
  source text: 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 ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1593538/000119312523136014/0001193125-23-136014-index.htm
- Material Agreements
  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
  source text: 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 ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1593538/000119312523136014/0001193125-23-136014-index.htm

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