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Navient Corporation 8-K Report: Key Financial Insights as of December 19, 2024

$NAVI
Form 8-K
Filed on: 2024-12-23
Source
Navient Corporation 8-K Report: Key Financial Insights as of December 19, 2024

Based on the provided section of the financial report, here are the key pieces of information and insights:

  1. Entity Information:
  • Name: Navient Corporation
  • SEC CIK Number: 0001593538
  • Address: 13865 Sunrise Valley Drive, Herndon, VA 20171
  • Contact Number: 703-810-3000
  1. Filing Information:
  • Filing Type: 8-K
  • Filing Date: December 19, 2024
  • SEC Central Index Key (CIK): 0001593538
  • SEC File Number: 001-36228
  1. Stock Information:
  • Common Stock: Par value of $0.01 per share
  • Ticker Symbol: NAVI (traded on NASDAQ)
  • 6% Senior Notes due December 15, 2043: Ticker Symbol JSM (traded on NASDAQ)
  • Preferred Stock Purchase Rights: No specific ticker provided
  1. Key Dates:
  • Reporting Period Start Date: December 19, 2024
  • Reporting Period End Date: December 19, 2024
  1. Financial Instruments:
  • The report references three categories of stock:
    • Common Stock
    • Preferred Stock Purchase Rights
    • Six Senior Notes due December 15, 2043
  1. Regulatory Context:
  • The XML structure indicates compliance with XBRL (eXtensible Business Reporting Language) standards for financial reporting, ensuring that the data can be easily parsed and analyzed by financial systems and regulatory bodies.

Insights:

  • The filing is a Form 8-K, which suggests that it is being used to report significant events or changes that are important to shareholders or investors.
  • The presence of Senior Notes indicates that Navient Corporation is likely raising debt capital, which can be an important factor for investors to consider regarding the company's leverage and financial health.
  • The details about stock categories imply that Navient has structured its capital in a way that may appeal to different types of investors, balancing equity and debt offerings.
  • The report being dated December 19, 2024, suggests that it provides timely information about the company’s financial instruments and corporate structure as of that specific date, which is crucial for stakeholders looking to make informed decisions.