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SLM - SLM announces public offering of senior notes
SLM Corporation
Sallie Mae, formally SLM Corporation (SLM) announces a public offering of senior notes pursuant to an effective shelf registration statement previously filed with the SEC.Net proceeds to fund a tender offer for up to 2M shares of its outstanding Floating Rate Non-Cumulative Preferred Stock, Series B, par value $0.20 per share, at an expected offer price of $45.00 per share.