OneMain Holdings, Inc. Announces Pricing of $500 Million Aggregate Principal Amount of Senior Notes Due 2029
June 20 2023 - 4:21PM
Business Wire
OneMain Holdings, Inc. (NYSE: OMF) (“OMH”) announced today that
its direct, wholly-owned subsidiary OneMain Finance Corporation
(“OMFC”) priced $500 million aggregate principal amount of its
9.00% senior notes due 2029 (the “2029 notes”) in connection with
its previously announced registered 2029 notes offering.
The 2029 notes will be guaranteed on an unsecured basis by OMH
(the “guarantee”). The closing of the offering is expected to occur
on June 22, 2023, subject to satisfaction of customary closing
conditions.
OMFC intends to use the net proceeds from this offering for
general corporate purposes, which may include debt repurchases and
repayments.
The 2029 notes offering is being made only by means of a
prospectus supplement and accompanying base prospectus. OMH and
OMFC 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 OMFC have filed
or will file with the SEC for more complete information about OMH
and OMFC and the 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: Barclays Capital Inc., c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, New York
11717, by telephone: (888) 603-5847 or email:
barclaysprospectus@broadridge.com; and SG Americas Securities, LLC,
245 Park Avenue, 4th Floor, New York, New York 10167, Attn:
Syndicate Desk, by telephone: (855) 851 2108 or email:
us-glfi-syncap@sgcib.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 Financial (NYSE: OMF) is the leader in offering nonprime
customers responsible access to credit and is dedicated to
improving the financial well-being of hardworking Americans.
OneMain empowers its customers to solve today’s problems and reach
a better financial future through personalized solutions available
online and in 1,400 locations across 44 states. OneMain is
committed to making a positive impact on the people and the
communities it serves.
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this press release may constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995, including, but not
limited to, OMH’s and OMFC’s intention to consummate the offering
and issue the 2029 notes and the guarantee, the anticipated closing
date and OMFC’s intended use of net proceeds from the offering. The
consummation of the offering is subject to market conditions and
other factors that are beyond our control. Accordingly, no
assurance can be given that the offering will be completed on the
contemplated terms or at all and you should not place undue
reliance on any forward-looking statements contained in this press
release. For a discussion of some of the risks and important
factors that could affect such forward-looking statements, see the
sections entitled “Risk Factors” in the prospectus supplement
related to the offering, in OMH’s and OMFC’s Combined Annual Report
on Form 10-K for the fiscal year ended December 31, 2022, and in
OMH’s and OMFC’s other filings with the SEC. Neither OMH nor OMFC
undertakes any obligation to release publicly any revisions to
forward-looking statements made by it to reflect events or
circumstances occurring after the date hereof or the occurrence of
unanticipated events.
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version on businesswire.com: https://www.businesswire.com/news/home/20230620812863/en/
OneMain Holdings, Inc. David R. Schulz, 212-359-2426
OneMain (NYSE:OMF)
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