SLM (SLM) furnishes press release on KKR credit partnership

Rhea-AI Filing Summary

SLM Corporation furnished an Item 7.01 Regulation FD update announcing a private credit strategic partnership with KKR.

The announcement was made via a press release furnished as Exhibit 99.1. The information is furnished, not filed, under the Exchange Act and is not incorporated by reference into other SEC filings unless expressly stated.

Insights

Capital Markets Analyst

SLM furnished a press release on a private credit partnership with KKR; significance depends on terms not included here.

SLM announced a "private credit strategic partnership" with KKR, furnished under Item 7.01 on November 12, 2025. Item 7.01 information, including Exhibit 99.1, is furnished, not filed, and is not subject to Section 18 liability or automatically incorporated into other SEC filings.

The business mechanism implied is collaboration with a large private credit platform. The filing does not include economic terms, duration, size, funding commitments, risk-sharing, or fee structures. Without these, potential effects on SLM’s balance sheet utilization, capital efficiency, or loan flow-through cannot be assessed from this document alone.

Items to watch: any subsequent Item 1.01 (material definitive agreement) or detailed disclosures that specify structure, commitments, and financial implications; the full Exhibit 99.1 content; and follow-up filings after November 12, 2025. The near-term focus is on whether formal agreements or quantifiable targets are disclosed in the next reporting cycle.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported): November 12, 2025

SLM CORPORATION

(Exact name of registrant as specified in its charter)

Delaware

001-13251

52-2013874

(State or other jurisdiction of incorporation or organization)

(Commission File Number)

(I.R.S. Employer Identification No.)

300 Continental Drive

Newark,

Delaware

19713

(Address of principal executive offices)

(Zip Code)

Registrant's telephone number, including area code: (302) 451-0200

(Former name or former address, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading Symbol(s)			Name of each exchange on which registered
Common stock, par value $.20 per share			SLM			The NASDAQ Global Select Market
Floating Rate Non-Cumulative Preferred Stock, Series B, par value $.20 per share			SLMBP			The NASDAQ Global Select Market

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

ITEM 7.01    REGULATION FD DISCLOSURE.

On November 12, 2025, SLM Corporation, a Delaware corporation (the “Company”), issued a press release announcing a private credit strategic partnership with KKR. A copy of the press release is being furnished herewith as Exhibit 99.1.

The information in this Item 7.01, including Exhibit 99.1 attached hereto and incorporated by reference herein, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. Furthermore, such information, including such Exhibit, shall not be deemed incorporated by reference into any of the Company’s registration statements, reports, or other filings with the Securities and Exchange Commission, except as expressly set forth by specific reference in such registration statement, report, or other filing.

ITEM 9.01    FINANCIAL STATEMENTS AND EXHIBITS.

(d) EXHIBITS

Exhibit Number						Description
99.1*						Press Release, dated November 12, 2025
104						Cover Page Interactive Data File (formatted as Inline XBRL)

* Furnished herewith.

SIGNATURES

    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

                        

						SLM CORPORATION
Date: November 12, 2025			By:			/s/ PETER M. GRAHAM
						Peter M. Graham
						Executive Vice President and Chief Financial Officer