NAVIENT CORP (NAVI): debt financing — Navient issues $500M of 7.875% Senior Notes due 2032

NAVIENT CORP

Issued $500M aggregate principal of 7.875% Senior Notes due 2032 on May 19, 2025.
Underwriting agreement with RBC, Barclays, BofA, and J.P. Morgan as representatives.
Notes issued under base indenture plus sixteenth supplemental indenture with BNY Mellon trustee.
Offering made under shelf registration statement on Form S-3 filed May 2, 2025.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.99

NAVIENT CORP incurred senior notes of $500,000,000 aggregate principal amount with RBC Capital Markets, LLC, Barclays Capital Inc., BofA Securities, Inc. and J.P. Morgan Securities LLC at 7.875% maturing 2032.

Instrument: senior notes
Principal: $500,000,000 aggregate principal amount
Counterparty: RBC Capital Markets, LLC, Barclays Capital Inc., BofA Securities, Inc. and J.P. Morgan Securities LLC
Rate: 7.875%
Maturity: 2032
Event: incurrence

Exact text from the filing

completed a public offering of $500,000,000 aggregate principal amount of its 7.875% Senior Notes due 2032

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NAVIENT CORP filing history →

Source: SEC EDGAR

accession 0001193125-25-122503

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