Navient exercises call on SLM Student Loan Trusts 2002-6, 2003-8, 9

By Tali Rackner

Norfolk, Va., Aug. 10 – Navient Corp. is exercising call options on SLM Student Loan Trusts 2002-6, 2003-8, 2003-9, backed by federally guaranteed student loans, according to a press release.

All outstanding bonds issued by the three trusts representing $216 million of bonds will be repaid on Sept. 15.

Earlier this year, the company repurchased $212 million in bonds in five trusts, bringing the year-to-date total to $428 million in eight trusts.

Navient is a loan management, servicing and asset recovery company based in Wilmington, Del.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.