Navient LLC (NAVI) Form 8-K — Nov 2, 2026
On October 28, 2026, Navient Corporation completed a holding company reorganization under Delaware DGCL Section 251(g), merging into Navient LLC (formerly Relay Merger Sub LLC), which now operates as a wholly-owned subsidiary of newly formed public parent Navient Holdings, Inc. Each share of Navient common stock converted automatically into one share of Navient Holdings common stock on the same terms, without exchange of certificates and without stockholder approval being required. The transaction is intended to be tax-free, and the company states that its assets, businesses, and operations are not materially different following the reorganization.
Key figures
- Tax treatment
- intended tax-free reorganization
- Conversion ratio
- 1 share Navient Common Stock to 1 share Navient Holdings Common Stock
- Navient llc authorized common units
- 100
- Series a preferred shares eliminated
- 2000000
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