OneMain Holdings, Inc. (NYSE:OMF) (“OMH”) announced today that its indirect, wholly owned subsidiary Springleaf Finance Corporation (“SFC”) priced $875 million aggregate principal amount of 5.625% senior notes due March 2023 (the “notes”) in connection with its previously announced registered notes offering. The notes will be guaranteed on an unsecured basis by OMH (the “guarantee”). The size of the offering of the notes has been upsized from $500 million to $875 million. The closing of the offering is expected to occur on December 8, 2017, subject to customary closing conditions.
SFC intends to use the net proceeds from the offering for general corporate purposes, which may include debt repurchases and repayments.
The offering is being made only by means of a prospectus supplement and accompanying base prospectus. OMH and SFC have filed a registration statement (including a base prospectus) and a preliminary prospectus supplement with the U.S. Securities and Exchange Commission (“SEC”) for the offering to which this communication relates and will file a final prospectus supplement relating to the offering. Prospective investors should read the prospectus supplement and base prospectus in that registration statement and other documents OMH and SFC have filed or will file with the SEC for more complete information about OMH and SFC and this offering. You may obtain these documents for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, copies of the final prospectus supplement and the accompanying base prospectus for the offering, when available, may be obtained by contacting Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, NY 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing email@example.com.
This press release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The securities being offered have not been approved or disapproved by any regulatory authority, nor has any such authority passed upon the accuracy or adequacy of the prospectus supplement or the shelf registration statement or prospectus.
About OneMain Holdings, Inc.
OneMain Holdings, Inc. is a leading consumer finance company providing loan products to customers through its nationwide branch network and the internet. The company has a 100-year track record of high quality origination, underwriting and servicing of personal loans, primarily to non-prime consumers.