---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-270434"
form_type: "8-K"
ticker: "NAVI"
cik: "0001593538"
company_name: "NAVIENT CORP"
filed_at: "2023-11-03T23:59:59+00:00"
generated_at: "2026-06-08T22:25:37.059984+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Navient closes $500M offering of 11.500% Senior Notes due 2031

## Summary
- Issued $500M aggregate principal of 11.500% Senior Notes maturing 2031.
- Underwriters: BofA Securities, Barclays, J.P. Morgan, RBC Capital Markets.
- Notes issued under supplemental indenture dated Nov 3, 2023 with Bank of New York Mellon as trustee.
- Offering made under existing shelf registration statement (333-271354).

## SEC filing metadata
- accession: 0001193125-23-270434
- form_type: 8-K
- ticker: NAVI
- cik: 0001593538
- company_name: NAVIENT CORP
- filed_at: 2023-11-03T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1593538/000119312523270434/0001193125-23-270434-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1593538/000119312523270434/d582624d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-270434
- JSON: https://secwatch.observer/filing/0001193125-23-270434.json
- Plain text: https://secwatch.observer/filing/0001193125-23-270434.txt

## Key facts
- Material Agreements
  NAVIENT CORP entered into Underwriting Agreement with BofA Securities, Inc., Barclays Capital Inc., J.P. Morgan Securities LLC, RBC Capital Markets, LLC valued at $500,000,000 aggregate principal amount of 11.500% Senior Notes due 2031 (effective 2023-10-31).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: BofA Securities, Inc., Barclays Capital Inc., J.P. Morgan Securities LLC, RBC Capital Markets, LLC
  - Value: $500,000,000 aggregate principal amount of 11.500% Senior Notes due 2031
  - Effective: 2023-10-31
  source text: On November 3, 2023, Navient Corporation (the “ Company ”) completed a public offering of $500,000,000 aggregate principal amount of its 11.500% Senior Notes due 2031 (the “ Notes ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1593538/000119312523270434/0001193125-23-270434-index.htm

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