SLM Corp Files 8-K: Material Agreement, Other Events
Ticker: SLMBP · Form: 8-K · Filed: Jan 31, 2025 · CIK: 1032033
| Field | Detail |
|---|---|
| Company | Slm Corp (SLMBP) |
| Form Type | 8-K |
| Filed Date | Jan 31, 2025 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $500,000,000, $2,000, $1,000, $500 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, corporate-filing, financial-statements
TL;DR
SLM Corp (Sallie Mae) filed an 8-K on Jan 31, 2025, reporting a material definitive agreement and other events.
AI Summary
On January 31, 2025, SLM Corp filed an 8-K report detailing a material definitive agreement. The filing also includes other events and financial statements/exhibits. SLM Corp, formerly known as Sallie Mae, is incorporated in Delaware and operates in the personal credit institutions sector.
Why It Matters
This 8-K filing indicates significant corporate activity for SLM Corp, including a material definitive agreement, which could impact its financial standing and future operations.
Risk Assessment
Risk Level: medium — Material definitive agreements and other events reported in an 8-K can signal significant changes or risks for a company.
Key Numbers
- 001-13251 — Commission File Number (Identifies SLM Corp's filing with the SEC)
- 52-2013874 — I.R.S. Employer Identification Number (Tax identification for SLM Corp)
Key Players & Entities
- SLM Corp (company) — Registrant
- Sallie Mae (company) — Former company name
- January 31, 2025 (date) — Date of earliest event reported
- Delaware (location) — State of incorporation
FAQ
What is the nature of the material definitive agreement reported by SLM Corp?
The filing does not specify the details of the material definitive agreement, only that one was entered into on or before January 31, 2025.
What other events are reported in this 8-K filing?
Besides the material definitive agreement, the filing also reports 'Other Events' and includes 'Financial Statements and Exhibits'.
When was SLM Corp incorporated and where is its principal business located?
SLM Corp was incorporated in Delaware and its business address is 300 Continental Drive, Newark, DE 19713.
What was SLM Corp previously known as?
SLM Corp was formerly known as Sallie Mae, and prior to that, USA Education Inc.
What is SLM Corp's Standard Industrial Classification (SIC) code?
SLM Corp's SIC code is 6141, which corresponds to Personal Credit Institutions.
Filing Stats: 1,243 words · 5 min read · ~4 pages · Grade level 11.4 · Accepted 2025-01-31 10:30:32
Key Financial Figures
- $500,000,000 — n (the "Company") closed an offering of $500,000,000 aggregate principal amount of 6.500% Se
- $2,000 — r to purchase all or any part (equal to $2,000 or an integral multiple of $1,000 in ex
- $1,000 — al to $2,000 or an integral multiple of $1,000 in excess thereof) of that holder's Not
- $500 million — , to fund the redemption in full of the $500 million aggregate principal amount outstanding
Filing Documents
- d912181d8k.htm (8-K) — 35KB
- d912181dex11.htm (EX-1.1) — 116KB
- d912181dex41.htm (EX-4.1) — 110KB
- d912181dex42.htm (EX-4.2) — 29KB
- d912181dex51.htm (EX-5.1) — 10KB
- g912181dsp68.jpg (GRAPHIC) — 3KB
- 0001193125-25-017942.txt ( ) — 528KB
- slm-20250131.xsd (EX-101.SCH) — 4KB
- slm-20250131_def.xml (EX-101.DEF) — 13KB
- slm-20250131_lab.xml (EX-101.LAB) — 21KB
- slm-20250131_pre.xml (EX-101.PRE) — 14KB
- d912181d8k_htm.xml (XML) — 5KB
FINANCIAL STATEMENTS AND EXHIBITS
FINANCIAL STATEMENTS AND EXHIBITS. (d) Exhibits Exhibit Number Description 1.1 Underwriting Agreement, dated January 29, 2025, among SLM Corporation, J.P. Morgan Securities LLC and Barclays Capital Inc., as representatives of the several underwriters named therein 4.1 Fourth Supplemental Indenture dated as of January 31, 2025, between SLM Corporation and Deutsche Bank National Trust Company, as trustee 4.2 Form of Senior Note due 2030 5.1 Opinion of Davis Polk & Wardwell LLP 23.1 Consent of Davis Polk & Wardwell LLP (included in Exhibit 5.1) 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: January 31, 2025 SLM CORPORATION By: /s/ Peter M. Graham Name: Peter M. Graham Title: Executive Vice President, Chief Financial Officer and Treasurer