Item 1.01. Entry into a Material Definitive Agreement.
On
The Repurchase was made in conjunction with the Company's existing share
repurchase program and was approved by the Audit Committee of the Company's
Board of Directors (the "Board") in accordance with the Company's related
persons transaction policy and by the Board. The Repurchase is scheduled to
close on
The foregoing description of the Stock Repurchase Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Stock Repurchase Agreement, a copy of which is filed as Exhibit 10.1 hereto and is incorporated herein by reference.
Item 8.01. Other Events.
On
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits Exhibit No. Exhibit 10.1 Stock Repurchase Agreement, dated as ofJanuary 27, 2020 , by and amongNavient Corporation ,Canyon Capital Advisors LLC and its affiliates 99.1 Press Release, dated as ofJanuary 28, 2020 104 Cover Page Interactive Data File (the Cover Page Interactive Data File is embedded within the Inline XBRL document)
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