Press Releases September 18, 2026 03:50 PM

Navient Completes $612.5 Million Securitization Backed by Private Education Loans

Navient completes $612.5 million private education loan securitization supporting EU and UK investor requirements

By Maya Rios
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Navient has successfully closed its fourth student loan securitization of the year, raising $612.5 million through the issuance of notes backed by private education loans. This securitization, NAVSL 2026-A, is the first designed to accommodate investors under the European Union's and United Kingdom's securitization regulations by incorporating risk retention features to facilitate compliance. Navient retains a portion of the notes to align with these regulatory requirements, demonstrating confidence in the underlying asset quality.

Navient Completes $612.5 Million Securitization Backed by Private Education Loans
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Key Points

  • Navient completed a $612.5 million securitization backed by private education loans, marking its fourth such transaction in 2026.
  • NAVSL 2026-A is structured to support compliance with EU and UK securitization regulations, expanding access to those markets.
  • Navient retains a portion of the securitized notes in line with EU and UK risk retention requirements, underscoring confidence in asset quality.

HERNDON, Va., Sept. 18, 2026 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI) today announced the successful closing of its $612.5 million Navient Private Education Loan Trust (NAVSL) 2026-A transaction, the company’s fourth student loan securitization of the year. NAVSL 2026-A represents Navient’s first securitization designed to support investment by investors subject to the European Union’s securitization regulation and the United Kingdom’s securitization regulatory framework.

“Expanding access to our securitizations for investors operating under EU and UK regulatory frameworks reflects our ongoing commitment to the capital markets,” said Steve Hauber, chief financial officer of Navient. “We are pleased to structure this transaction with risk retention features designed to support these investors' compliance needs while demonstrating our confidence in the quality of the underlying assets.”

Navient has agreed to retain a portion of the notes and certificates on terms designed to align with the risk retention requirements of the EU securitization regulation and the UK securitization regulatory framework and support the compliance needs of investors subject to the EU or UK requirements. Investors interested in the transaction should conduct their own assessment of the transaction and applicable regulatory requirements. Navient makes no representation or guarantee regarding the suitability of the notes or certificates for the satisfaction of any investor’s regulatory obligations.

Pricing and Yield:  

ClassSize (MM)WALS&P/DBRSInterest RateA$448.02.96AAA / AAASOFR30A+105B$82.83.00NR / AASOFR30A+145C$43.43.64NR / ASOFR30A+180D$10.03.68NR / BBBSOFR30A+235E$28.33.89NR / BBSOFR30A+450      

Sole Book Runner: J.P. Morgan

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.

ContactsMedia: Cate Fitzgerald, 703-831-6347, catherine.fitzgerald@navient.com Investors:Micah Andrews, 571-415-5413, micah.andrews@navient.com Roger Yankoupe, 571-592-8569, roger.yankoupe@navient.com

Risks

  • Regulatory compliance risks due to evolving EU and UK securitization rules, which may affect investor demand or structure of future transactions.
  • Credit risk inherent in private student loans that back the securitization, impacting cash flow and note performance.
  • Potential market risk if investor appetite wanes for asset-backed securities in the education finance sector.

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