Sallie Mae Extends ABCP Facility A Year

27 Apr 2009

Sallie Mae has extended the term of its $21.8 billion asset-backed commercial paper that funds its student loans by nearly a year.

Sallie Mae has extended the term of its $21.8 billion asset-backed commercial paper that funds its student loans by nearly a year. The facility, which was set to expire April 28, will now run until April 23, 2010. Sallie Mae said the extension of the facility will provide ...

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