SLM Corp (SLM) Form 8-K — May 15, 2026
$SLMForm 8-KItems 1.01, 8.01, 9.01Filed May 15, 2026, 10:37 AM ET0001193125-26-225683Original filing
SLM Corporation closed a $500 million offering of 6.495% Fixed-to-Floating Rate Senior Notes due 2032 on May 15, 2026. The notes were underwritten by J.P. Morgan Securities LLC and Barclays Capital Inc. The company intends to use the net proceeds to fund a tender offer for its existing 3.125% senior notes due 2026.
Key figures
- Debt Amount
- 500000000
- Interest Rate
- 6.495
- Maturity Date
- 2032-05-15
- Fixed rate period end
- 2031-05-15
- Floating rate spread bps
- 271
- Refinancing target coupon
- 3.125
- Change of control put price pct
- 101
Price after filing
1 day: 0.0%7 days: +1.7%30 days: +2.5%
Close on the filing date to close N calendar days later (from $21.59). Historical, not a forecast.
AI analysis
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