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SLM (NASDAQ:SLM) Student Loan Trust 2005-7 filed a report Wednesday stating that, on Tuesday, Navient (NASDAQ:NAVI) Solutions, LLC, acting as administrator, distributed a preliminary remarketing memorandum to selected qualified institutional buyers. The memorandum pertains to the remarketing of the trust’s Class A-5 Reset Rate Notes.
According to the filing, the memorandum was provided to applicable remarketing agents for further distribution. The document is intended to support the remarketing process for the specified securities.
No additional financial statements or pro forma financial data were included in the filing. The trust indicated that the memorandum itself is attached as an exhibit to the current report.
SLM Student Loan Trust 2005-7 is structured as an asset-backed security entity, with its asset class consisting of student loans. The entity is administered by Navient Solutions, LLC, and incorporated in Delaware.
The information in this article is based on a statement made in a Securities and Exchange Commission filing. The securities referenced are not listed on any exchange and do not have a trading symbol.
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