debt
confidence high
sentiment neutral
materiality 0.50
OneMain Finance issues $750M of 7.500% Senior Notes due 2031, proceeds to redeem 6.875% notes due 2025
ONEMAIN FINANCE CORP
- $750M aggregate principal of 7.500% Senior Notes due 2031 issued via underwritten public offering.
- Expected closing May 22, 2024; guaranteed by parent OneMain Holdings, Inc.
- Net proceeds to redeem a portion of outstanding 6.875% Senior Notes due 2025.
- Underwriting agreement includes customary representations, warranties, and indemnification.