{"success":true,"data":{"pressRelease":{"id":"147713","rtpr_id":"nGNX19qKf6-20260918","ticker":"NAVI","exchange":"NASDAQ","all_tickers":["NAVI"],"title":"Navient Completes $612.5 Million Securitization Backed by Private Education Loans","author":"Globe Newswire","published_at":"2026-09-18T19:50:00.094Z","article_body":"HERNDON, Va., Sept. 18, 2026 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI) today\nannounced the successful closing of its $612.5 million Navient Private\nEducation Loan Trust (NAVSL) 2026-A transaction, the company’s fourth\nstudent loan securitization of the year. NAVSL 2026-A represents Navient’s\nfirst securitization designed to support investment by investors subject to\nthe European Union’s securitization regulation and the United Kingdom’s\nsecuritization regulatory framework.\n\n“Expanding access to our securitizations for investors operating under EU\nand UK regulatory frameworks reflects our ongoing commitment to the capital\nmarkets,” said Steve Hauber, chief financial officer of Navient. “We are\npleased to structure this transaction with risk retention features designed to\nsupport these investors' compliance needs while demonstrating our confidence\nin the quality of the underlying assets.”\n\nNavient has agreed to retain a portion of the notes and certificates on terms\ndesigned to align with the risk retention requirements of the EU\nsecuritization regulation and the UK securitization regulatory framework and\nsupport the compliance needs of investors subject to the EU or UK\nrequirements. Investors interested in the transaction should conduct their own\nassessment of the transaction and applicable regulatory requirements. Navient\nmakes no representation or guarantee regarding the suitability of the notes or\ncertificates for the satisfaction of any investor’s regulatory obligations.\n\nPricing and Yield:  \n\n Class  Size (MM)  WAL   S&P/DBRS   Interest Rate     \n A      $448.0     2.96  AAA / AAA  SOFR30A  +105     \n B      $82.8      3.00  NR / AA    SOFR30A  +145     \n C      $43.4      3.64  NR / A     SOFR30A  +180     \n D      $10.0      3.68  NR / BBB   SOFR30A  +235     \n E      $28.3      3.89  NR / BB    SOFR30A  +450     \n                                                      \n\nSole Book Runner: J.P. Morgan\n\nAbout Navient\nNavient (Nasdaq: NAVI) creates long-term value for customers and investors\nwith responsible lending, flexible refinancing, trusted servicing\noversight, and decades of education finance and portfolio management\nexpertise. Through our Earnest business, we help customers confidently achieve\nfinancial success through digital financial services. Our employees thrive in\na culture of belonging, where they are supported and proud to deliver\nmeaningful outcomes. Learn more on Navient.com\n(https://www.globenewswire.com/Tracker?data=WZ2FRgRnremxxKremQDlMhXU3HDrc6TSHN2Fuozui9wHxgfFywyONeDLW_KcNAni56qKYudnt5QnLoKPxI2U3A==).\n\n Contacts                                                              \n Media: Cate Fitzgerald, 703-831-6347, catherine.fitzgerald@navient.com \n Investors:  Micah Andrews, 571-415-5413, micah.andrews@navient.com    \n             Roger Yankoupe, 571-592-8569, roger.yankoupe@navient.com  \n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/bf6d2dc1-6f30-4b4b-a666-874f4a60663d)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX19qKf6-20260918","title":"Navient Completes $612.5 Million Securitization Backed by Private Education Loans","author":"Globe Newswire","ticker":"NAVI","created":"2026-09-18T19:50:00.094Z","tickers":["NAVI"],"exchange":"NASDAQ","article_body":"HERNDON, Va., Sept. 18, 2026 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI) today\nannounced the successful closing of its $612.5 million Navient Private\nEducation Loan Trust (NAVSL) 2026-A transaction, the company’s fourth\nstudent loan securitization of the year. NAVSL 2026-A represents Navient’s\nfirst securitization designed to support investment by investors subject to\nthe European Union’s securitization regulation and the United Kingdom’s\nsecuritization regulatory framework.\n\n“Expanding access to our securitizations for investors operating under EU\nand UK regulatory frameworks reflects our ongoing commitment to the capital\nmarkets,” said Steve Hauber, chief financial officer of Navient. “We are\npleased to structure this transaction with risk retention features designed to\nsupport these investors' compliance needs while demonstrating our confidence\nin the quality of the underlying assets.”\n\nNavient has agreed to retain a portion of the notes and certificates on terms\ndesigned to align with the risk retention requirements of the EU\nsecuritization regulation and the UK securitization regulatory framework and\nsupport the compliance needs of investors subject to the EU or UK\nrequirements. Investors interested in the transaction should conduct their own\nassessment of the transaction and applicable regulatory requirements. Navient\nmakes no representation or guarantee regarding the suitability of the notes or\ncertificates for the satisfaction of any investor’s regulatory obligations.\n\nPricing and Yield:  \n\n Class  Size (MM)  WAL   S&P/DBRS   Interest Rate     \n A      $448.0     2.96  AAA / AAA  SOFR30A  +105     \n B      $82.8      3.00  NR / AA    SOFR30A  +145     \n C      $43.4      3.64  NR / A     SOFR30A  +180     \n D      $10.0      3.68  NR / BBB   SOFR30A  +235     \n E      $28.3      3.89  NR / BB    SOFR30A  +450     \n                                                      \n\nSole Book Runner: J.P. Morgan\n\nAbout Navient\nNavient (Nasdaq: NAVI) creates long-term value for customers and investors\nwith responsible lending, flexible refinancing, trusted servicing\noversight, and decades of education finance and portfolio management\nexpertise. Through our Earnest business, we help customers confidently achieve\nfinancial success through digital financial services. Our employees thrive in\na culture of belonging, where they are supported and proud to deliver\nmeaningful outcomes. Learn more on Navient.com\n(https://www.globenewswire.com/Tracker?data=WZ2FRgRnremxxKremQDlMhXU3HDrc6TSHN2Fuozui9wHxgfFywyONeDLW_KcNAni56qKYudnt5QnLoKPxI2U3A==).\n\n Contacts                                                              \n Media: Cate Fitzgerald, 703-831-6347, catherine.fitzgerald@navient.com \n Investors:  Micah Andrews, 571-415-5413, micah.andrews@navient.com    \n             Roger Yankoupe, 571-592-8569, roger.yankoupe@navient.com  \n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/bf6d2dc1-6f30-4b4b-a666-874f4a60663d)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-09-18T19:50:00.137876209Z","server_sent_at_ms":1789761000137},"received_at":"2026-09-18T19:50:00.193Z","source_url":null},"analysis":{"id":"136516","press_release_id":"147713","analysis_json":{"industry":{"label":"Consumer Finance","sector":"Financials"},"redFlags":[],"eventType":"debt_offering","narrative":"Navient closed a $612.5 million private education loan securitization (NAVSL 2026-A), its fourth student loan securitization of 2026.\n\nThe deal is the company's first structured to support investors subject to EU and UK securitization regulations, with risk retention features aligned to those frameworks. CFO Steve Hauber framed it as expanding capital-markets access and signaling confidence in underlying asset quality.\n\nPricing came in at SOFR30A+105 on the $448.0 million AAA-rated Class A, with mezzanine tranches out to BB at +450. J.P. Morgan acted as sole book-runner.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Navient broadens its funding base with its first EU/UK-compliant securitization at tight AAA spreads (SOFR+105) -- a modest positive for funding costs."},"keyFigures":{"dealValueUsd":612500000,"customDimensions":{"class_a_rating":"AAA/AAA","class_a_spread":"SOFR30A +105","risk_retention":"notes and certificates retained to align with EU and UK securitization risk retention requirements","class_a_size_mm":448,"class_b_size_mm":82.8,"class_c_size_mm":43.4,"class_d_size_mm":10,"class_e_size_mm":28.3,"securitizations_ytd":4,"first_eu_uk_compliant_securitization":true}},"quotedText":"Expanding access to our securitizations for investors operating under EU\nand UK regulatory frameworks reflects our ongoing commitment to the capital\nmarkets","namedEntities":{"people":[{"name":"Steve Hauber","role":"Chief Financial Officer of Navient"}],"products":["Navient Private Education Loan Trust (NAVSL) 2026-A"],"companies":[{"name":"Navient","ticker":"NAVI","relationship":"filer/issuer sponsor"},{"name":"J.P. Morgan","ticker":"JPM","relationship":"sole book-runner"}],"dollarAmounts":[{"amount":"$612.5 million","context":"total NAVSL 2026-A securitization size"},{"amount":"$448.0","context":"Class A tranche size ($MM)"},{"amount":"$82.8","context":"Class B tranche size ($MM)"},{"amount":"$43.4","context":"Class C tranche size ($MM)"},{"amount":"$10.0","context":"Class D tranche size ($MM)"},{"amount":"$28.3","context":"Class E tranche size ($MM)"}]},"materialImpact":{"score":2,"reasoning":"A routine but successfully completed $612.5M securitization -- Navient's fourth of the year -- demonstrating continued capital markets access at reasonable spreads (AAA at SOFR+105). The first-ever EU/UK-compliant structure modestly broadens the funding investor base, but this is a standard funding operation, not a strategic or earnings event."},"tickerRelevance":{"others":[{"ticker":"JPM","relevance":"underwriter (sole book-runner on the securitization)"}],"primary":"NAVI"},"globalImportance":25,"audienceRelevance":25,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"mid-cap","eventGravity":"routine-securitization-closing","noveltyBoost":"first EU/UK-compliant structure slightly above pure boilerplate","sectorWeight":"consumer-finance funding event, low market-moving potential","issuerAuthored":true}},"event_type":"debt_offering","event_type_secondary":null,"sentiment":"bullish","material_impact_score":2,"narrative":"Navient closed a $612.5 million private education loan securitization (NAVSL 2026-A), its fourth student loan securitization of 2026.\n\nThe deal is the company's first structured to support investors subject to EU and UK securitization regulations, with risk retention features aligned to those frameworks. CFO Steve Hauber framed it as expanding capital-markets access and signaling confidence in underlying asset quality.\n\nPricing came in at SOFR30A+105 on the $448.0 million AAA-rated Class A, with mezzanine tranches out to BB at +450. J.P. Morgan acted as sole book-runner.","key_figures":{"dealValueUsd":612500000,"customDimensions":{"class_a_rating":"AAA/AAA","class_a_spread":"SOFR30A +105","risk_retention":"notes and certificates retained to align with EU and UK securitization risk retention requirements","class_a_size_mm":448,"class_b_size_mm":82.8,"class_c_size_mm":43.4,"class_d_size_mm":10,"class_e_size_mm":28.3,"securitizations_ytd":4,"first_eu_uk_compliant_securitization":true}},"named_entities":{"people":[{"name":"Steve Hauber","role":"Chief Financial Officer of Navient"}],"products":["Navient Private Education Loan Trust (NAVSL) 2026-A"],"companies":[{"name":"Navient","ticker":"NAVI","relationship":"filer/issuer sponsor"},{"name":"J.P. Morgan","ticker":"JPM","relationship":"sole book-runner"}],"dollarAmounts":[{"amount":"$612.5 million","context":"total NAVSL 2026-A securitization size"},{"amount":"$448.0","context":"Class A tranche size ($MM)"},{"amount":"$82.8","context":"Class B tranche size ($MM)"},{"amount":"$43.4","context":"Class C tranche size ($MM)"},{"amount":"$10.0","context":"Class D tranche size ($MM)"},{"amount":"$28.3","context":"Class E tranche size ($MM)"}]},"model_name":"glm-5.3-flash","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-18T19:50:32.086Z","global_importance":25,"audience_relevance":25,"importance_components":{"tickerTier":"mid-cap","eventGravity":"routine-securitization-closing","noveltyBoost":"first EU/UK-compliant structure slightly above pure boilerplate","sectorWeight":"consumer-finance funding event, low market-moving potential","issuerAuthored":true}},"durationMs":31902,"modelName":"glm-5.3-flash"}}