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Navient to merge into new holding company Navient Holdings in tax-free reorganization
JSMNavient Holdings, Inc.
Navient Corporation announced plans to implement a corporate reorganization during the fourth quarter of 2026 by merging with and into Relay Merger Sub LLC, a subsidiary of Navient Holdings, Inc. The surviving entity will be renamed Navient LLC. Existing shares of Navient Corporation will automatically convert on a one-for-one basis into shares of common stock of Navient Holdings, which will continue to trade under the symbol "NAVI" on the Nasdaq Global Select Market. No vote by stockholders is required for this internal reorganization under Delaware law. Upon completion, Navient LLC will assume the obligations of the company's listed senior notes and remain a reporting entity. The board of directors and executive officers will continue in their current roles. Navient operates in the education finance sector, providing student loan servicing, refinancing, and portfolio management through its Earnest business.