• SLM priced cash tender offer for any and all outstanding 3.125% senior notes due 2026 at USD 995.83 per USD 1,000 principal.
• Offer covers USD 500 million principal outstanding; pricing based on 3.786% reference yield with fixed spread of 25 basis points.
• Settlement expected May 15, 2026; holders also receive accrued and unpaid interest to, but excluding, settlement date.
• Tender offer tied to contemporaneous senior debt securities issuance; proceeds earmarked for repurchases.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SLM Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20260512751705) on May 12, 2026, and is solely responsible for the information contained therein.