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.