Statement re Investment in Navient Corporation
Sherborne Investors (Guernsey) C Limited
LEI 213800L8QL59OCFOCB40
This announcement contains inside information
20 December 2021
Sherborne Investors (Guernsey) C Limited
Investment in Navient Corporation
Sherborne Investors (Guernsey) C Limited (the "Company") has been informed by Sherborne Investors Management LP ("Sherborne Investors") that a fund it manages, Newbury Investors LLC, in which the Company is indirectly an investor, has accumulated an interest of approximately 16% in Navient Corporation (NASDAQ: NAVI).
The interest is currently comprised of 3% in outright shares and the balance in fully funded cash settled total return swaps.
Sherborne Investors intends to provide a further update to investors in the new year.
-Ends-
Enquiries:
In the United Kingdom:
Dentons Global Advisors +44 (0)20 7038 7419
Deborah Scott
Humza Vanderman
Leah Dudley
In the United States:
Abernathy MacGregor +1 (212) 371-5999
Tom Johnson
Jeremy Jacobs
Deirdre Walsh
The person responsible for making this announcement is Nick Robilliard of Apex Fund and Corporate Services (Guernsey) Limited, Company Secretary.
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