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Sallie Mae Reports Third-Quarter 2012 Financial Results

FFELP Financings:

  • July 19, 2012—issued $1.3 billion FFELP ABS.
  • July 25, 2012—issued $69 million FFELP subordinate ABS previously retained.
  • September 20, 2012—issued $1.3 billion FFELP ABS.

Private Education Loan Financings:

  • July 26, 2012—issued $640 million Private Education Loan ABS.

Unsecured Financings:

  • September 12, 2012—issued an $800 million senior unsecured bond, consisting of a $300 million three-year term bond and $500 million five-year term bond.

In addition, in third-quarter 2012, we paid a common stock dividend of $0.125 per share and repurchased 7.6 million shares of common stock for $121 million. Year-to-date, September 30, 2012, we repurchased 48.2 million common shares for $730 million. At September 30, 2012, $170 million was available for additional common share repurchases.

Recent Fourth-Quarter 2012 Transactions

The following financing transaction has taken place in the fourth quarter of 2012:

  • October 11, 2012—priced $976 million Private Education Loan ABS.

Copyright Business Wire 2010
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