Navient Credit Finance Corporation priced multiple series of notes totaling $1.26 billion that are backed by loans that are guaranteed by the U.S. under the Federal Family Education Loan Program (FFELP), according to deal documents.

The student loan servicer, which was spun off from Sallie Mae in April, priced six series of notes (NAVSL 2014-2 through 2014-7). The series all offered two tranches of notes rated ‘AAA’/‘Aaa’ and ‘AA’/‘Aa1’ respectively by Fitch Ratings and Moody’s Investors Service. All of the ‘AAA/‘Aaa’ rated, class A notes throughout each series are due March 2043, the class B, ‘AA’/ ‘Aa1’ notes are due June 2054.

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