Navient to establish new holding company structure
Key Highlights
- ➤Navient Holdings to become new parent of Navient LLC and Earnest
- ➤Existing Navient shares convert one-for-one into Navient Holdings shares
- ➤Navient LLC will assume obligations of listed notes held at Navient Corporation
- ➤Trading expected to continue uninterrupted under Nasdaq symbol NAVI
- ➤New structure expected to take effect during fourth quarter of 2026
Expert Statements
Edward Bramson, CEO and chair of the board of Navient
“Over the past several years, we have reshaped Navient around the businesses that represent our future growth while strengthening the company’s financial and operating foundation.”
Edward Bramson, CEO and chair of the board of Navient
“This reorganization builds on that work by creating a clearer and more efficient organizational framework that we believe will support disciplined execution, improve strategic flexibility, and enhance long-term shareholder value.”
HERNDON, Va., Oct. 21, 2026 (GLOBE NEWSWIRE) -- Navient Corporation (Nasdaq: NAVI) today announced it intends to establish a new holding company structure. Under the new structure, the new parent company, named Navient Holdings, Inc., will become the new holding company of Navient LLC and E Parent, Inc. (Earnest). Upon completion of the reorganization, Navient LLC will assume the obligations of the listed notes currently held at Navient Corporation and continue to be a reporting company.
Existing shares of Navient Corporation will automatically convert on a one-for-one basis into shares of common stock of Navient Holdings. Trading is expected to continue uninterrupted under the symbol “NAVI” on the Nasdaq Global Select Market.
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