424B5The Raise
SLM Corp files 424B5
Filed May 7, 2026 · 1mo ago · Accession 0001193125-26-212403
Plain English
SLM Corporation is offering $500,000,000 of 6.495% Fixed-to-Floating Rate Senior Notes due 2032 to fund a tender offer for its 3.125% Senior Notes due 2026. The new notes will bear a fixed interest rate until May 15, 2031, after which they will convert to a floating rate based on SOFR plus a spread.
Filing details
- Company
- SLM Corp
- Ticker
- SLM
- CIK
- 1032033
- Form type
- 424B5
- Filing date
- May 7, 2026
- Report date
- —
- Document
- d138611d424b5.htm
- Size
- 784 KB