OneMain Holdings Issues $1 Billion of 6.750% Senior Notes Due 2033

Reuters12-19
OneMain Holdings Issues $1 Billion of 6.750% Senior Notes Due 2033

OneMain Finance Corporation, a direct subsidiary of OneMain Holdings Inc., has issued $1.0 billion in aggregate principal amount of 6.750% Senior Notes due 2033. The notes, which are senior unsecured obligations of OMFC and guaranteed on an unsecured basis by OneMain Holdings Inc., were offered and sold in an underwritten public offering. The notes will mature on September 15, 2033, and bear interest at a rate of 6.750% per annum, payable semiannually beginning March 15, 2026. The issuance was conducted under an existing indenture with Wilmington Trust, National Association, serving as trustee. The notes are not guaranteed by OMFC’s subsidiaries and do not have the benefit of any sinking fund.

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