Sallie Mae (NASDAQ: SLM), the nation’s No. 1 financial services company
specializing in education, announced that it closed a new $8 billion
asset-backed commercial paper facility that matures in January 2016.
This facility replaces the existing $5.5 billion ABCP facility set to
expire in January 2015. The additional $2.5 billion will be available
for federally guaranteed loan acquisition or refinancing.
Sallie Mae (NASDAQ: SLM) is the nation’s No. 1 financial services
company specializing in education. Whether college is a long way off or
just around the corner, Sallie Mae turns education dreams into reality
for its 25 million customers. With products and services that include
Upromise rewards, scholarship search tools, education loans, insurance,
and online banking, Sallie Mae offers solutions that help families save,
plan, and pay for college. Sallie Mae also provides financial services
to hundreds of college campuses as well as to federal and state
governments. 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.
Copyright Business Wire 2014