debt
confidence high
sentiment positive
materiality 0.60
OneMain Finance issues $750M of 6.125% Senior Notes due 2030 to redeem 9.000% notes
OneMain Holdings, Inc.
- Issuer: OneMain Finance Corp; guarantor: OneMain Holdings; underwriter: Wells Fargo Securities.
- $750M aggregate principal; 6.125% coupon; maturity 2030; expected close August 12, 2025.
- Proceeds to redeem all outstanding 9.000% Senior Notes due 2029; remainder for general corporate purposes.
- Refinancing expected to reduce interest cost by ~275 bps on the redeemed portion.
item 1.01item 9.01