debt
confidence high
sentiment neutral
materiality 0.55
OneMain Finance issues $750M of 7.125% Senior Notes due 2031, guaranteed by OneMain Holdings
OneMain Holdings, Inc.
- Issued $750M aggregate principal of 7.125% Senior Notes due 2031 via underwritten public offering.
- Notes mature 2031, interest 7.125% paid semiannually on May 15 and Nov 15, starting Nov 15, 2024.
- OMFC may redeem notes at make-whole prior to Aug 15, 2027; thereafter at premiums declining to par.
- Proceeds to fund loans under Social Bond Framework; otherwise for general corporate purposes including debt repurchases.
- OneMain Holdings provides unsecured guarantee; notes are senior unsecured obligations of OMFC.