| 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) May 13, 2003 |
| SLM CORPORATION |
| (Exact name of registrant as specified in its charter) |
| DELAWARE | File No. 001-13251 | 52-2013874 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification Number) |
| 11600 Sallie Mae Drive, Reston, Virginia | 20153 | ||||
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| (Address of principal executive offices) | (zip code) |
| Registrant’s telephone number, including area code: | (703) 810-3000 | |||
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| Not Applicable (former name or former address, if changed since last report) |
Item 5. Other Events
On May 13, 2003, SLM Corporation announced that it had agreed to sell $2 billion aggregate principal amount of its floating rate convertible senior debentures due 2035. The Company granted the initial purchasers an option to purchase, within 13 days of the date of original issuance, up to an additional $300 million of the convertible senior debentures. The Company offered the convertible senior debentures only to qualified institutional buyers. The Company will use the net proceeds from the sale of the convertible senior debentures for general corporate purposes. Neither the convertible senior debentures nor the shares of the Company’s common stock issuable upon conversion of the convertible senior debentures have been registered under the Securities Act of 1933 or any state securities laws and, until so registered, may not be offered or sold in the United States or any state absent registration or an applicable exemption from registration requirements. The Company issued two press releases announcing the proposed sale of the convertible senior debentures and the pricing of the transaction, respectively, which are attached as exhibits to this current report.
Item 7. Exhibits
(c) Exhibits:
99.1 |
Press Release dated May 13, 2003. | ||||
99.2 |
Press Release dated May 14, 2003. | ||||
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| SLM CORPORATION | |||
| By: Name: Title: |
/s/ John F. Remondi John F. Remondi Executive Vice President, Finance |
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Dated: May 29, 2003
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SLM CORPORATION
Form 8-K
CURRENT REPORT
EXHIBIT INDEX
| Exhibit No. | Description | |||
99.1 |
Press Release dated May 13, 2003 | |||
99.2 |
Press Release dated May 14, 2003 | |||
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