Earlier this month, SLM Corporation launched a cash tender offer for any and all of its 3.125% senior notes due November 2, 2026, alongside pricing a US$500,000,000 fixed-to-floating rate senior notes issuance due 2032 to help fund the repurchase and refinance upcoming maturities. By retiring shorter-dated debt and issuing new callable, unsecured senior notes, Sallie Mae is actively reshaping its funding mix and interest-rate profile while continuing to emphasize capital returns and expanded...