UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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| Date of Report (Date of Earliest Event Reported): | | November 6, 2015 |
Navient Student Loan Trust 2015-3
________________________________________
(Exact name of issuer as specified in its charter)
Navient Funding, LLC
(Exact name of Depositor as specified in its charter)
Navient Solutions, Inc.
(Exact name of Sponsor as specified in its charter)
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| Delaware | | 04-3480392 |
_____________________ (State or other jurisdiction | _____________ (Commission | ______________ (I.R.S. Employer |
| of incorporation) | File Number) | Identification Number) |
| | | |
| | c/o Wells Fargo Delaware Trust Company, N.A. 919 North Market Street, Suite 1600 Wilmington, Delaware 19801 | |
| | _________________________________ (Address of principal executive offices) | |
| | | |
| Issuer’s telephone number, including area code: | | 703-984-5858 |
Not Applicable
______________________________________________
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 Entry into a Material Definitive Agreement.
The transaction documents for the Navient Student Loan Trust 2015-3 (the “Trust”) were amended on November 6, 2015 to permit Navient Corporation (“Navient Corporation”) to provide loans to the Trust under a revolving credit agreement at Navient Corporation’s discretion.
In connection with the foregoing, the following agreements were executed and delivered by the respective parties thereto: (a) the Omnibus Amendment to Administration Agreements and Indentures, dated as of November 6, 2015, among Navient Solutions, Inc., as Administrator, Servicer and Depositor, the Trust and certain other trusts identified therein (collectively, the “Trusts”), Wells Fargo Bank, N.A., , not in its individual capacity but solely as Indenture Trustee for each of the Trusts, and Navient Investment Corporation, as sole Excess Distribution Certificateholder of each of the Trusts; and (b) the Revolving Credit Agreement, dated as of November 6, 2015, among Navient Corporation, as Lender, and each of the Trusts.
Item 9.01 Financial Statements and Exhibits
| | Exhibits |
99.1 | Omnibus Amendment to Administration Agreements and Indentures, dated as of November 6, 2015, among Navient Solutions, Inc. as Administrator, Servicer and Depositor, the Navient Student Loan Trust 2015-1 Trust and certain other trusts identified therein (collectively, the “Trusts”), Wells Fargo Bank, N.A., not in its individual capacity but solely as Indenture Trustee for each of the Trusts, and Navient Investment Corporation, as sole Excess Distribution Certificateholder of each of the Trusts (incorporated by reference from Exhibit 99.1 to Form 8-K filed on November 13, 2015, by Navient Student Loan Trust 2015-1, as Issuer, and Navient Funding LLC, as depositor (File Nos. 333-190926 and 333-190926-11)). |
99.2 | Revolving Credit Agreement, dated as of November 6, 2015, among Navient Corporation, as Lender, and each of the Trusts (incorporated by reference from Exhibit 99.2 to Form 8-K filed on November 13, 2015, by Navient Student Loan Trust 2015-1, as Issuer, and Navient Funding LLC, as depositor (File Nos. 333-190926 and 333-190926-11)). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the issuing entity has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| | NAVIENT STUDENT LOAN TRUST 2015-3 |
| | By: Navient Funding, LLC |
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| | |
Dated: November 13, 2015 | By: /s/ Mark D. Rein |
| | Name: Mark D. Rein |
| | Title: Vice President |
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INDEX TO EXHIBITS
Exhibit Number | Description |
99.1 | Omnibus Amendment to Administration Agreements and Indentures, dated as of November 6, 2015, among Navient Solutions, Inc. as Administrator, Servicer and Depositor, the Navient Student Loan Trust 2015-1 Trust and certain other trusts identified therein (collectively, the “Trusts”), Wells Fargo Bank, N.A., not in its individual capacity but solely as Indenture Trustee for each of the Trusts, and Navient Investment Corporation, as sole Excess Distribution Certificateholder of each of the Trusts (incorporated by reference from Exhibit 99.1 to Form 8-K filed on November 13, 2015, by Navient Student Loan Trust 2015-1, as Issuer, and Navient Funding LLC, as depositor (File Nos. 333-190926 and 333-190926-11)). |
99.2 | Revolving Credit Agreement, dated as of November 6, 2015, among Navient Corporation, as Lender, and each of the Trusts (incorporated by reference from Exhibit 99.2 to Form 8-K filed on November 13, 2015, by Navient Student Loan Trust 2015-1, as Issuer, and Navient Funding LLC, as depositor (File Nos. 333-190926 and 333-190926-11)). |
