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EX-99.1 - SUPPLEMENTAL INDENTURE - NAVIENT FUNDING, LLCexhibit99-1.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
 
 
Date of Report (Date of Earliest Event Reported):
 
June 6, 2016

SLM Student Loan Trust 2014-1
________________________________________
(Exact name of issuer as specified in its charter)

Navient Funding, LLC
(Exact name of Depositor as specified in its charter)

Navient Solutions, Inc.
(Exact name of Sponsor as specified in its charter)

 
 
 
Delaware
333-166301-17
333-166301
04-3480392
04-3480392
54-1843973
_____________________
(State or other jurisdiction
_____________
(Commission
______________
(I.R.S. Employer
of incorporation)
File Number)
Identification Number)
  
 
 
 
c/o Deutsche Bank Trust Company Delaware
60 Wall Street, 27th Floor
Mailstop NYC 60 2720
New York, New York
10005
 
 
_________________________________
(Address of principal executive offices) 
 

 
 
 
Issuer’s telephone number, including area code:
 
703-984-5858
Not Applicable
______________________________________________
Former name or former address, if changed since last report
  Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 1.01                  Entry into a Material Definitive Agreement.
The transaction documents for the SLM Student Loan Trust 2014-1 (the “2014-1 Trust”) were amended on June 6, 2016 to extend the Class B Maturity Date to the June 2068 Distribution Date.  In connection with the foregoing, the parties thereto executed and delivered Supplemental Indenture No. 1B (“Supplemental Indenture 1B”), dated as of June 6, 2016, among the 2014-1 Trust, Deutsche Bank National Trust Company Americas, not in its individual capacity but solely as Eligible Lender Trustee, and Deutsche Bank National Trust Company, not in its individual capacity but solely as Indenture Trustee.
Item 5.07                  Submission of Matters to a Vote of Security Holders.
100% of the holders of Class B Notes of the 2014-1 Trust as of June 6, 2016 consented to the foregoing Supplemental Indenture 1B effective as of that date.

Item 9.01 Financial Statements and Exhibits

 
Exhibits
 
99.1
 
Supplemental Indenture No. 1B, dated as of June 6, 2016, among the 2014-1 Trust, Deutsche Bank National Trust Company Americas, not in its individual capacity but solely as Eligible Lender Trustee, and Deutsche Bank National Trust Company, not in its individual capacity but solely as Indenture Trustee.
 

SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the issuing entity has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 
 
SLM STUDENT LOAN TRUST 2014-1
 
 
 
By:  Navient Funding, LLC
 
 
 
 
 
 
 
Dated:  June 6, 2016
 
By:   /s/ Mark D. Rein                                             
 
 
Name:  Mark D. Rein
 
Title:    Vice President
   
 
 
 

INDEX TO EXHIBITS

Exhibit
Number
 
Description
 
99.1
 
Supplemental Indenture No. 1B, dated as of June 6, 2016, among the 2014-1 Trust, Deutsche Bank National Trust Company Americas, not in its individual capacity but solely as Eligible Lender Trustee, and Deutsche Bank National Trust Company, not in its individual capacity but solely as Indenture Trustee.
 
.