What changed
An affiliate of Navient Funding, LLC intends to submit buy bids for all outstanding Class A-6C Notes it does not currently hold at SOFR + 1.50% per annum in the August 21, 2026 auction. The affiliate already holds $27,700,000 of the Class A-6C Notes and all $28,550,000 of the issued and outstanding Class A-6B Notes. Hold Orders are planned for both classes in the upcoming August 19 and August 21, 2026 auctions.
Why it matters
An affiliate of Navient Funding, LLC intends to submit buy bids for all outstanding Class A-6C Notes it does not currently hold at SOFR + 1.50% per annum in the August 21, 2026 auction. The affiliate already holds $27,700,000 of the Class A-6C Notes and all $28,550,000 of the issued and outstanding Class A-6B Notes. Hold Orders are planned for both classes in the upcoming August 19 and August 21, 2026 auctions.