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SLM (NASDAQ:SLM) Student Loan Trust 2006-5 announced Tuesday that Navient (NASDAQ:NAVI) Solutions, LLC, acting as administrator, distributed a preliminary remarketing memorandum to certain qualified institutional buyers. The memorandum pertains to the remarketing of the Trust’s Class A-6B and Class A-6C Reset Rate Notes.
According to a statement in the SEC filing, the memorandum was provided to applicable remarketing agents for distribution. The action is intended to facilitate the remarketing process for these specific classes of asset-backed notes, which are backed by student loans.
The filing did not specify the terms, amounts, or pricing related to the remarketing of the notes. No additional financial statements or pro forma financial statements were included in the report. The memorandum itself was attached as an exhibit to the filing.
SLM Student Loan Trust 2006-5 is organized under Delaware law and is associated with asset-backed securities tied to student loans. The Trust’s principal executive offices are listed in New York, with administration by Navient Solutions, LLC. The information is based on a statement in a press release filed with the Securities and Exchange Commission. The notes are not listed on any securities exchange.
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