Sallie Mae Bank reaches indicative terms to sell USD 2 billion private education loan portfolio

Reuters03-12

Sallie Mae Bank reaches indicative terms to sell USD 2 billion private education loan portfolio

Sallie Mae Bank reached indicative terms for a potential sale of a portfolio of about USD 2 billion in private education loans. The transaction is expected to close in the first quarter of 2026, subject to definitive documentation and customary closing conditions. A live audio webcast and replay of Jon Witter’s remarks will be available at SallieMae.com/investors.

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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001032033-26-000018), on March 11, 2026, and is solely responsible for the information contained therein.

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