debt
confidence high
sentiment neutral
materiality 0.75
OneMain Finance issues $1.0B of 6.750% Senior Notes due 2033; OMH guarantees
OneMain Holdings, Inc.
- Issued $1.0B of 6.750% Senior Notes due 2033 under a Twenty-Fourth Supplemental Indenture.
- Notes mature Sept 15, 2033; interest 6.750% semiannually, first payment Mar 15, 2026.
- Notes are senior unsecured obligations of OMFC, guaranteed by OneMain Holdings (OMH).
- Redemption: make-whole prior to Dec 15, 2028; fixed prices 103.375% (2028), 101.6875% (2029), par (2030+).
- Covenants limit liens, restrict merger/sale; customary events of default including nonpayment and bankruptcy.