secwatch.observer — SEC 8-K summary
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Issuer:     SLM Corp (SLM)
CIK:        0001032033
Form:       8-K
Filed at:   2025-01-31T23:59:59+00:00
Accession:  0001193125-25-017942
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SLM Corp issues $500M 6.500% Senior Notes due 2030 to redeem 2025 notes
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- $500M 6.500% Senior Notes due Jan 31, 2030; interest payable Jan 31 and Jul 31 starting Jul 2025.
- Net proceeds with cash to redeem $500M 4.200% Senior Notes due 2025 on Feb 18, 2025 at make-whole premium.
- Redemption price equals greater of 100% of principal plus accrued interest or discounted present value at Treasury Rate + 50 bps.
- Underwriting agreement with J.P. Morgan Securities LLC and Barclays Capital Inc., dated Jan 29, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1032033/000119312525017942/0001193125-25-017942-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1032033/000119312525017942/d912181d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-017942

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