SLM Corp. or Sallie Mae is in the market with SLM Student Loan Trust 2012-1 worth $765 million.
Joint bookrunners on the deal are Bank of America Merrill Lynch and JPMorgan Securities. The co-manager on the SLABS offering, which is backed by FFELP student non-consolidation loans, is Credit Suisse.
For the Securities and Exchange Commission filing on the transaction, please click here.
Moody's Investors Service has assigned provisional ratings of 'Aaa (sf)' to the $170 million floating-rate class A-1 notes; 'Aaa (sf)' to the $225 million floating-rate class A-2 notes; 'Aaa (sf)' to the $346.5 million floating-rate class A-3 notes; and 'Aa1 (sf)' to the $23.14 million floating-rate class B notes.