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SLM ( (SLM) ) has issued an announcement.
On May 6, 2026, Sallie Mae announced a cash tender offer to repurchase any and all of its outstanding 3.125% senior notes due November 2, 2026, with $500 million in principal amount outstanding. The purchase price for notes tendered by the May 12, 2026 expiration will be based on a spread over a specified U.S. Treasury security, with settlement expected on May 15, 2026, and holders receiving accrued interest up to but not including the settlement date.
The tender offer forms part of a broader liability management move tied to a new senior debt issuance, with proceeds earmarked to fund the buyback of the existing notes. The transaction, which is not subject to any minimum tender condition but is contingent on completion of the new notes offering, is designed to refinance Sallie Mae’s debt stack, with the company indicating it expects to repay any notes not tendered at maturity and to discharge the related indenture obligations once funding is deposited.
The most recent analyst rating on (SLM) stock is a Sell with a $24.00 price target. To see the full list of analyst forecasts on SLM stock, see the SLM Stock Forecast page.
Spark’s Take on SLM Stock
According to Spark, TipRanks’ AI Analyst, SLM is a Outperform.
The score is driven primarily by very attractive valuation (low P/E with a dividend) and a constructive earnings update with higher EPS outlook and aggressive buybacks. These positives are tempered by mid-tier underlying financial quality due to revenue volatility, high leverage, and uneven cash flow, alongside mixed technical trends with longer-term downtrend signals.
To see Spark’s full report on SLM stock, click here.
More about SLM
SLM Corporation, commonly known as Sallie Mae, is a leading provider in the private student lending industry. The company offers financing and related resources to support access to college and other education-related goals, positioning itself as a key player in education and lifelong learning finance in the United States.
Average Trading Volume: 4,172,387
Technical Sentiment Signal: Sell
Current Market Cap: $4.24B
Learn more about SLM stock on TipRanks’ Stock Analysis page.