OneMain Holdings, Inc. (OMF): debt financing — OneMain Finance Corp issues $400M add-on 9.000% Senior Notes due 2029

OneMain Holdings, Inc.

Issued $400M aggregate principal amount of 9.000% Senior Notes due Jan 15, 2029, as add-on to existing $500M notes.
Notes are senior unsecured obligations of OMFC, guaranteed by OneMain Holdings, Inc. (OMF).
Proceeds to be used to redeem a portion of OMFC's 6.125% Senior Notes due 2024.
Interest payable semiannually on Jan 15 and Jul 15, beginning Jan 15, 2024; make-whole redemption prior to Jul 15, 2025.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

OneMain Holdings, Inc. incurred senior notes of $400.0 million aggregate principal amount with BNP Paribas Securities Corp. and Mizuho Securities USA LLC at 9.000% per annum maturing January 15, 2029.

Instrument: senior notes
Principal: $400.0 million aggregate principal amount
Counterparty: BNP Paribas Securities Corp. and Mizuho Securities USA LLC
Rate: 9.000% per annum
Maturity: January 15, 2029
Event: incurrence

Exact text from the filing

On November 9, 2023, OneMain Holdings, Inc. (“OMH,” “we,” “us” or “our”), as a guarantor, entered into an underwriting agreement (the “Underwriting Agreement”) with OneMain Finance Corporation, a direct subsidiary of OMH (“OMFC”), as the issuer, and BNP Paribas Securities Corp. and Mizuho Securities USA LLC, as representatives of the several underwriters named therein (the “Underwriters”), relating to the issuance and sale by OMFC of $400.0 million aggregate principal amount of OMFC’s 9.000% Senior Notes due 2029 (the “Additional Notes”)

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

OneMain Holdings, Inc. entered into Underwriting Agreement with BNP Paribas Securities Corp. and Mizuho Securities USA LLC valued at $400.0 million aggregate principal amount (effective 2023-11-09).

Action: entry
Agreement: underwriting
Counterparty: BNP Paribas Securities Corp. and Mizuho Securities USA LLC
Value: $400.0 million aggregate principal amount
Effective: 2023-11-09

Exact text from the filing

relating to the issuance and sale by OMFC of $400.0 million aggregate principal amount of OMFC’s 9.000% Senior Notes due 2029

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

OneMain Holdings, Inc. entered into Supplemental Indenture with HSBC Bank USA, National Association (effective 2023-11-14).

Action: entry
Agreement: notes offering
Counterparty: HSBC Bank USA, National Association
Effective: 2023-11-14

Exact text from the filing

Supplemental Indenture On November 14, 2023, OMFC issued the Additional Notes under an Indenture, dated as of December 3, 2014 (the “Base Indenture”), among OMFC, as issuer, OMH, as

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26 debt financings filed in the last 30 days. Browse all debt financings →

OneMain Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001140361-23-053258

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