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MONDAY, NOVEMBER 23, 2009
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NEWS ABOUT: SLM Corp

SLM Corp stories: 2 news summaries

Sallie Mae Drops $900M Lawsuit

Move helps struggling student loan provider obtain $31B in financing

Jan 29, 08 9:31 AM CST
(Newser) - Beleaguered student loan provider Sallie Mae yesterday dropped its $900 million lawsuit against the onetime suitors who bailed on a $25.3 billion buyout after the credit crunch caused would-be investors to walk away, reports the Washington Post. By agreeing not to seek the penalty from investment firm JC Flowers... More »

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private equity • Sallie Mae • student loans • Bank of America • lawsuit • credit crisis • JC Flowers and Co • SLM Corp • JPMorgan Chase

Student Lender Sallie Mae Plans $2.5B Stock Sale

Embattled stock drops 6.5% as investors fret

Dec 27, 07 7:37 AM CST
(Newser) - With a credit rating bordering on junk-bond status, embattled student loan provider Sallie Mae plans a public stock offering to raise $2.5 billion, reports the Wall Street Journal. The company will use $2 billion to buy back its own stock futures, which have lost value recently following a failed... More »

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private equity • Sallie Mae • subprime mortgages • SLM Corp

2 Stories


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