0000929638-15-000318.txt : 20150310 0000929638-15-000318.hdr.sgml : 20150310 20150310150531 ACCESSION NUMBER: 0000929638-15-000318 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20150310 0001179550 0001601725 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20150310 DATE AS OF CHANGE: 20150310 Student loans FILER: COMPANY DATA: COMPANY CONFORMED NAME: SLM Private Credit Student Loan Trust 2003-B CENTRAL INDEX KEY: 0001321771 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-98169-01 FILM NUMBER: 15688538 BUSINESS ADDRESS: STREET 1: C/O THE BANK OF NEW YORK MELLON TRUST CO STREET 2: 2 N. LASALLE STREET, SUITE 1020 CITY: CHICAGO STATE: IL ZIP: 60602 BUSINESS PHONE: 7039845679 MAIL ADDRESS: STREET 1: C/O THE BANK OF NEW YORK MELLON TRUST CO STREET 2: 2 N. LASALLE STREET, SUITE 1020 CITY: CHICAGO STATE: IL ZIP: 60602 8-K 1 a68025_form8k.htm CURRENT REPORT a68025_form8k.htm
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
 
FORM 8-K

 
CURRENT REPORT
 
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
 
Date of Report (Date earliest event reported):  March 10, 2015

 
(Exact name of issuer as specified in its charter)
SLM PRIVATE CREDIT STUDENT LOAN TRUST 2003-B
 
 
DELAWARE
333-98169-01
04-3480392
(State or other jurisdiction
of formation)
(Commission File Numbers)
(I.R.S. employer
Identification No.)
c/o The Bank of New York Mellon Trust Company, National Association
2 N. LaSalle Street, Suite 1020
Chicago, Illinois 60602
(Address of registrant’s principal executive offices)

 
Registrant’s telephone number including area code:   (703) 984-6578

 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below);
 
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
o
Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
o
Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
 
 

ITEM 8.01 Other Events

For the auction for the SLM Private Credit Student Loan Trust 2003-B Class A-3 Notes occurring on March 13, 2015, Navient Solutions, Inc., as administrator of, and on behalf of, the SLM Private Credit Student Loan ABS Repackaging Trust 2013-R1 (the “R-1 Trust”), which R-1 Trust is the existing holder of $46,450,000 aggregate principal amount of such Class A-3 Notes, intends to submit a bid order on behalf of the R-1 Trust at a rate equal to one-month LIBOR + 1.50% per annum for the entire aggregate principal amount of such Class A-3 Notes that the R-1 Trust currently holds.  For more information review the Event Notice attached hereto as Exhibit 99.1.
 

 
ITEM 9.01 Financial Statements and Exhibits
 
(a) Not applicable
 
(b) Not applicable
 
(c) Not applicable
 
(d) Exhibits
 
99.1 Event Notice
 




SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the Trust has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 


   
 
NAVIENT SOLUTIONS, INC., as Administrator for SLM PRIVATE CREDIT STUDENT LOAN TRUST 2003-B
   
   
Dated:  March 10, 2015
By:   /s/  Mark Rein                                          
 
Name:  Mark Rein
 
Title:    Vice President
   
   



 

 
 
 

SLM PRIVATE CREDIT STUDENT LOAN TRUST 2003-B
 
Form 8-K
 
CURRENT REPORT
 

 
INDEX TO EXHIBITS
 

 

 
Exhibit
  
Number
Description
99.1
Event Notice

 
 
 
 
 
 
 
 
 
 EX-99.1 2 a68025_exhibit99-1.htm EVENT NOTICE a68025_exhibit99-1.htm
Exhibit 99.1

Event Notice
Dated March 10, 2015

Issuer:
SLM Private Credit Student Loan Trust 2003-B
   
Depositor:
Navient Credit Funding, LLC
   
Notes to which
  
this Event Notice relates:
Auction Rate Class A-3 Notes (the “Class A-3 Notes”)
   
CUSIP Numbers:
Class A-3 Notes:   78443C AN4
   
Event Reported:
Bid rate to be bid by existing holder of $46,450,000 aggregate principal amount of Class A-3 Notes in auction

Bid rate to be bid by existing holder of $46,450,000 aggregate principal amount of Class A-3 Notes in auction

For the auction for the Class A-3 Notes occurring on March 13, 2015, Navient Solutions, Inc., as administrator of, and on behalf of, the SLM Private Credit Student Loan ABS Repackaging Trust 2013-R1 (the “R-1 Trust”), which R-1 Trust is the existing holder of $46,450,000 aggregate principal amount of Class A-3 Notes, intends to submit a Bid order on behalf of the R-1 Trust at a rate equal to one-month LIBOR + 1.50% per annum for the entire aggregate principal amount of Class A-3 Notes that the R-1 Trust currently holds.
 
Capitalized terms used herein and not otherwise defined have the meanings ascribed to such terms in the Issuer’s indenture, dated as of June 1, 2003.

The information contained in this Event Notice has been submitted by the Administrator to report certain events and future plans of the R-1 Trust with respect to the Notes. Nothing contained in this Event Notice is, or should be construed as, a representation by the Administrator that the information included in this Event Notice constitutes all of the information that may be material to a decision to invest in, hold or dispose of any of the securities listed above, or any other securities of the Issuer.

For additional information, contact:
Mark Rein
Navient Solutions, Inc.
Vice President, Corporate Finance
2001 Edmund Halley Dr.
Reston, VA 20191
Phone: 703-984-5679
Email: Mark.Rein@navient.com