SLM Corporation Prices Public Offering of Senior Notes
SLM Corporation priced a public offering of $500 million in 6.495% Senior Notes due 2032 at par. The company intends to use the net proceeds to fund a tender offer for its existing 3.125% notes due 2026, effectively refinancing near-term debt at a higher interest rate. J.P.
Key figures
- Deal Value Usd
- 500000000
- Coupon
- 6.495%
- Maturity
- 2032
- Refinancing coupon
- 3.125%
- Refinancing maturity
- 2026
AI analysis
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