debt
confidence high
sentiment neutral
materiality 0.70
OneMain Finance issues $1.0B 6.750% Senior Notes due 2033
ONEMAIN FINANCE CORP
- $1.0B aggregate principal, 6.750% coupon, maturity September 15, 2033; interest payable semiannually starting March 15, 2026.
- Parent OneMain Holdings, Inc. guarantees the notes on an unsecured basis; no subsidiary guarantees.
- Make-whole redemption callable at any time before December 15, 2028; thereafter at 103.375% (2028), 101.6875% (2029), par (2030+).
- Notes rank equally with other senior unsecured debt; effectively subordinated to secured obligations and structurally subordinated to subsidiary liabilities.
- Offered via underwritten public offering under existing shelf registration; proceeds not specified in filing.