secwatch.observer — SEC 8-K summary
======================================

Issuer:     SLM Corp (SLM)
CIK:        0001032033
Form:       8-K
Filed at:   2026-05-06T23:59:59+00:00
Accession:  0001193125-26-207711
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SLM Corp launches tender offer for $500M 3.125% senior notes due 2026
---------------------------------------------------------------------

- Tender offer for any and all $500M 3.125% senior notes due Nov 2, 2026, expiring May 12, 2026.
- Purchase price based on 25 bps fixed spread over 4.125% U.S. Treasury due Oct 31, 2026.
- Tender is conditioned on completion of a contemporaneous new senior notes offering; proceeds to repurchase notes.
- Settlement expected May 15, 2026; J.P. Morgan is dealer manager.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1032033/000119312526207711/0001193125-26-207711-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1032033/000119312526207711/d29837d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-207711

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer