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09.03.26 - 13:36
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Sallie Mae Announces $200 million Accelerated Share Repurchase (Business Wire)
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NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae (Nasdaq: SLM) formally SLM Corporation, today announced that it has entered into a $200 million accelerated share repurchase (“ASR”) agreement with Goldman Sachs & Co. LLC (“Goldman Sachs”).
The ASR and any future share repurchases will be conducted under the $500 million share repurchase program authorized by Sallie Mae's Board of Directors, effective Jan. 22, 2026.
“Following our fourth-quarter earnings announcement, pursuant to our $500 million share repurchase authorization, we promptly implemented a dynamic repurchase plan, which was fully executed amid the significant market dislocation experienced over the past several weeks,” said Jon Witter, Chief Executive Officer, Sallie Mae. “Today's accelerated share repurchase announcement, together with shares already repurchased this quarter, brings our first-quarter share repurchases and commitments to nearly $300 million, reflecting our disciplined approach to capital allocation and our belief in ...
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04.03.26 - 01:15
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Sallie Mae Successfully Prices First Student Loan ABS of the Year (Business Wire)
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NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae (Nasdaq: SLM), formally SLM Corporation, today announced the successful pricing of the first student loan asset-backed securities (ABS) transaction of the year by Sallie Mae Bank. The $618 million transaction was met with robust investor demand following its formal announcement earlier this week, resulting in broad distribution across a diverse institutional investor base.
Investor engagement throughout the marketing process validated the continued attractiveness of seasoned private education loan assets supported by Sallie Mae's underwriting, servicing, and performance track record. The transaction's pricing strength underscores the demand for high-quality collateral even in volatile market conditions.
“This transaction demonstrates strong investor demand, confidence in our private student loans, and in our credit performance funding strategy,” said Pete Graham, Chief Financial Officer, Sallie Mae. “Achieving tighter pricing than our last on-balance sheet...
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23.02.26 - 22:33
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Sallie Mae Sets Date for Annual Meeting of Stockholders (Business Wire)
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NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae® (Nasdaq: SLM), formally SLM Corporation, today announced its 2026 annual meeting of stockholders will take place on June 16, 2026, at 1 p.m. ET. The annual meeting will be held virtually and will be open to stockholders of record as of the close of business on April 20, 2026.
Additional details will be included in the company's proxy statement to be filed with the Securities and Exchange Commission in late April.
Sallie Mae (Nasdaq: SLM) believes education and life-long learning, in all forms, help people achieve great things. As the leader in private student lending, we provide financing and know-how to support access to college and offer products and resources to help customers make new goals and experiences, beyond college, happen. Learn more at SallieMae.com. Commonly known as Sallie Mae, SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States of America.
Category: Corporate and Financial Contacts
MediaRick Castellano
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