{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-225683","form_type":"8-K","ticker":"SLM","cik":"0001032033","company_name":"SLM Corp","filed_at":"2026-05-15T14:37:10+00:00","discovered_at":"2026-05-15T14:38:00.261740+00:00","generated_at":"2026-05-15T14:38:21.357149+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"SLM Corp issues $500M 6.495% Fixed-to-Floating Notes due 2032; proceeds for tender offer","bullets":["Offering $500M aggregate principal of 6.495% Fixed-to-Floating Senior Notes due May 15, 2032.","Interest fixed at 6.495% for first 5 years, then floats at Benchmark plus 271 bps quarterly.","Proceeds used to fund a tender offer for SLM's 3.125% senior notes due 2026 and pay fees.","Notes redeemable at any time at applicable redemption prices; change of control put at 101%.","Closed on May 15, 2026; under indenture with Deutsche Bank National Trust Company as trustee."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-225683","json":"https://secwatch.observer/filing/0001193125-26-225683.json","markdown":"https://secwatch.observer/filing/0001193125-26-225683.md","text":"https://secwatch.observer/filing/0001193125-26-225683.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1032033/000119312526225683/0001193125-26-225683-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1032033/000119312526225683/d672122d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T14:38:21.357149+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e290a5bfcc27dc9192bfafa828aa24ae6ee69351","claim":"SLM Corp entered into Supplemental Indenture with Deutsche Bank National Trust Company valued at $500,000,000 aggregate principal amount (effective 2026-05-15).","evidence_excerpt":"On May 15, 2026, SLM Corporation (the “Company”) closed an offering of $500,000,000 aggregate principal amount of 6.495% Fixed-to-Floating Rate Senior Notes due 2032 (the “Notes”) issued by the Company (the “Offering”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1032033/000119312526225683/0001193125-26-225683-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Deutsche Bank National Trust Company"},{"label":"Value","value":"$500,000,000 aggregate principal amount"},{"label":"Effective","value":"2026-05-15"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}