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Get filing alertsSLM Corp closes $500M senior notes offering at 6.495% to refinance 2026 debt
Filed May 15, 2026 · Period ending May 15, 2026 · ~1 min read
Key Changes
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Issued $500M of 6.495% senior notes due 2032, converting to floating rate (benchmark plus 271 bps) in May 2031. Proceeds fund tender offer for existing 3.125% notes due 2026 and repay any remaining 2026 debt at maturity.
Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR → -
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Notes include standard protections: company may redeem at any time at specified prices; change of control triggers mandatory repurchase offer at 101% of principal plus accrued interest.
Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR → -
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J.P. Morgan Securities and Barclays Capital served as lead underwriters under agreement dated May 6, 2026, with customary indemnification and contribution terms.
Item 8.01 — Other Events verify on EDGAR →
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Generated by AI · Jun 19, 2026 8:42 PM