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8-K - FORM 8-K - NAVIENT CORP | form8-k.htm |
NEWS RELEASE
For immediate release
Navient announces new $500 million share repurchase
authority
WILMINGTON, Del., Sept. 13, 2018 — Navient (Nasdaq:NAVI), a leading asset management
and business processing services company, announced today
that its Board of Directors approved a new share repurchase program
for up to $500 million of the company’s outstanding common
stock.
The
share repurchase authorization, which is effective immediately, is
in addition to the approximately $80 million unused authorization
approved by the Board in December 2016.
The
authorizations permit the company to repurchase shares from time to
time through a combination of open market repurchases, privately
negotiated transactions, accelerated share repurchase transactions
or other similar transactions. The programs do not have an
expiration date.
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About Navient
Navient (Nasdaq: NAVI) is a leading provider of asset management
and business processing solutions for education, healthcare and
government clients at the federal, state and local levels. The
company helps its clients and millions of Americans achieve
financial success through services and support. Headquartered in
Wilmington, Delaware, Navient also employs team members in western
New York, northeastern Pennsylvania, Indiana, Tennessee, Texas,
Virginia, Wisconsin, California and other locations. Learn more at
navient.com.
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Contact:
Media: Paul Hartwick, 302-283-4026,
paul.hartwick@navient.com
Investors: Joe Fisher, 302-283-4075,
joe.fisher@navient.com