OneMain Holdings, Inc. Announces Pricing of $800 Million Aggregate Principal Amount of Senior Notes due 2028
May 07 2019 - 3:31PM
Business Wire
OneMain Holdings, Inc. (NYSE: OMF) (“OMH”) announced today that
its indirect, wholly-owned subsidiary Springleaf Finance
Corporation (“SFC”) priced $800 million aggregate principal amount
of its 6.625% senior notes due 2028 (the “notes”) in connection
with its previously announced registered notes offering. The size
of the notes offering has been upsized from $500 million to $800
million.
The notes will be guaranteed on an unsecured basis by OMH (the
“guarantee”). The closing of the offering is expected to occur on
May 9, 2019, subject to customary closing conditions.
SFC intends to use the net proceeds from the offering for
general corporate purposes, which may include other 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
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 Morgan Stanley & Co. LLC, 180 Varick Street, New
York, NY 10014, Attn: Prospectus Department, by telephone: (866)
718-1649 or by emailing: prospectus@morganstanley.com, or RBC
Capital Markets, LLC, 200 Vesey Street, 8th Floor, New York, NY
10281, Attn: Leveraged Capital Markets, by telephone: (877)
280-1299.
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 responsible 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.
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 SFC’s intention to consummate the offering
and issue the notes and the guarantee and SFC’s intended use of
proceeds of 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 Annual
Report on Form 10-K for the fiscal year ended December 31, 2018, in
OMH’s subsequent Quarterly Report on Form 10-Q for the quarter
ended March 31, 2019, in SFC’s Annual Report on Form 10-K for the
fiscal year ended December 31, 2018, in SFC’s subsequent Quarterly
Report on Form 10-Q for the quarter ended March 31, 2019, and in
OMH’s and SFC’s other filings with the SEC. Neither OMH nor SFC
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/20190507006036/en/
OneMain Holdings, Inc.David R. Schulz, 812-468-5180
OneMain (NYSE:OMF)
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