Springleaf to prepay $550 million of loans under credit agreement

By Tali David

Minneapolis, Oct. 7 - Springleaf Finance Corp. plans to prepay $550 million of initial loans under its amended and restated credit agreement on Oct. 11, according to an 8-K filed with the Securities and Exchange Commission.

Following the prepayment, the initial loans under the credit agreement maturing in 2017 will be fully repaid, and the outstanding principal amount of loans under the new loan tranche under the agreement maturing in 2019, put in place on Sept. 30, will be $750 million.

Bank of America, NA is the administrative agent.

Evansville, Ind.-based Springleaf Finance - formerly known as American General Finance - originates and services real estate mortgages and offers loans for automobiles and other goods.

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