Navient Corporation
02/27/2026 | Press release | Distributed by Public on 02/27/2026 07:56
Navient Completes $683 Million Securitization Backed by Refinance Student Loans
HERNDON, Va., Feb. 27, 2026 - Navient (Nasdaq: NAVI) today announced the successful closing of its $683 million Navient Refinance Loan Trust (NAVRL) 2026-A transaction, the company's first refinance student loan securitization of the year. The NAVRL 2026-A transaction was met with strong investor demand, generating significant oversubscription and enabling the company to achieve pricing levels more favorable than its 2025 refinance student loan securitizations. The transaction's successful execution further strengthens Navient's position as the leading issuer of refinance student loan securitizations, with collateral that continues to reflect the company's rigorous credit standards and best-in-class underwriting capabilities.
Pricing and Yield:
|
Class |
Size |
WAL |
Moody's/DBRS |
Coupon |
|
A |
642.2M |
3.35 |
Aaa/AAA |
4.50% |
|
B |
11.6M |
9.14 |
NR/AA |
5.18% |
|
C |
29.3M |
9.14 |
NR/A |
5.57% |
J.P. Morgan (str), RBC Capital Markets, Barclays, BofA Securities, and Atlas SP managed the deal.
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About Navient
Navient (Nasdaq: NAVI) creates long-term value for customers and investors with responsible lending, flexible refinancing, trusted servicing oversight, and decades of education finance and portfolio management expertise. Through our Earnest business, we help customers confidently achieve financial success through digital financial services. Our employees thrive in a culture of belonging, where they are supported and proud to deliver meaningful outcomes. Learn more on Navient.com.
Contacts
Media: Cate Fitzgerald, 703-831-6347, [email protected]
Investors: Jen Earyes, 571-592-8582, [email protected]
Navient Corporation published this content on February 27, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on February 27, 2026 at 13:56 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]