debt
confidence high
sentiment neutral
materiality 0.55
OneMain issues $800M of 6.500% Senior Notes due 2033
OneMain Holdings, Inc.
- OMFC issued $800M aggregate principal of 6.500% Senior Notes due March 15, 2033, guaranteed by OneMain Holdings.
- Interest payable semiannually on March 15 and September 15, starting March 15, 2026.
- Notes redeemable at OMFC's option: make-whole prior to Sept 15, 2028; step-down rates of 103.250% (2028), 101.625% (2029), par thereafter.
- Notes rank equally with existing unsecured debt; effectively subordinated to secured obligations.
- Indenture includes customary covenants limiting liens and mergers, and events of default.
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