Public Event Detail
Sallie Mae announces pricing for $500m senior notes tender offer
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2026-05-12JPMJPMorgan ChaseAlpha Vantage Newsalpha_vantage_news
Event summary
Sallie Mae (NASDAQ:SLM) has announced the pricing terms for its cash tender offer to repurchase all outstanding 3.125% senior notes due November 2, 2026, totaling $500 million. The purchase price is $995.83 per $1,000 principal amount, with settlement expected on May 15, 2026. This tender offer is contingent on a new senior debt securities offering, from which the proceeds will fund the repurchase, and is part of a broader debt refinancing strategy.
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