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SLM (NASDAQ:SLM) Student Loan Trust 2005-5 filed an 8-K with the Securities and Exchange Commission stating that, on Tuesday, Navient (NASDAQ:NAVI) Solutions, LLC, acting as administrator, provided a preliminary remarketing memorandum to remarketing agents. The memorandum is intended for distribution to certain qualified institutional buyers as part of the planned remarketing of the trust’s Class A-5 Reset Rate Notes.
The filing indicates that the preliminary remarketing memorandum is included as an exhibit to the current report. No additional financial statements or pro forma financials were provided with this filing.
SLM Student Loan Trust 2005-5 is a Delaware-based issuer of asset-backed securities backed by student loans. The trust’s principal executive offices are listed as c/o Deutsche Bank (ETR:DBKGn) Trust Company Americas, Santa Ana, California.
The information in this article is based on a statement from the company’s press release filed with the SEC. No further details regarding the terms, timing, or outcomes of the remarketing process were disclosed in the filing.
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