Navient Bonds Rallying on Successful Amendment Process

ABAlert has reported that Navient bonds are rallying because of the firm’s success in extending bond maturities via the amendment process. The article notes:

What’s behind the rally? A key factor appears to be the success of Navient in extending the legal final maturities of its older deals.

DealVector has been working with Navient to connect with their investors to pursue amendments on over $140 billion in bonds from their FFELP shelves. Investors who are interested in viewing amendments and tracking amendment progress on their FFELP bonds can register here.