Navient raises $500M through 9.375% senior notes offering due 2031

Filed May 29, 2026 · Period ending May 26, 2026 · ~1 min read

Key Changes

• high

  Navient completed a $500 million debt offering on May 29, 2026, issuing senior notes with a 9.375% interest rate maturing in 2031. The high coupon rate reflects elevated borrowing costs and will increase the company's debt service obligations.

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• medium

  Four major investment banks underwrote the offering: BofA Securities, Barclays, JPMorgan, and RBC Capital Markets. The underwriting agreement was signed May 26, 2026, three days before the offering closed.

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• low

  The notes were issued under Navient's existing 2014 debt framework via a seventeenth supplemental indenture, with Bank of New York Mellon serving as trustee. This marks the company's seventeenth debt issuance under this structure.

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