debt
confidence high
sentiment neutral
materiality 0.50
OneMain Finance issues $750M of 7.500% Senior Notes due 2031
OneMain Holdings, Inc.
- Issued $750M aggregate principal amount of 7.500% Senior Notes due 2031.
- Notes mature in 2031; interest payable semiannually at 7.500% per annum.
- Parent OneMain Holdings provides unsecured guarantee of the Notes.
- Notes are senior unsecured obligations, ranking equally with existing unsubordinated debt.
- Redemption at OneMain's option: make-whole prior to May 15, 2027; thereafter at specified premiums.