Moody’s gives Springleaf notes B2

Moody's Investors Service said it assigned a B2 rating to the new $1.25 billion seven-year senior unsecured notes of issued by Springleaf Finance Corp., a subsidiary of OneMain Holdings, Inc.

The outlook is positive.

Moody’s said the B2 rating is based upon terms and conditions that are consistent with the issuer's existing senior unsecured debt.

The new notes will rank pari passu with all existing senior notes of Springleaf Finance and will mature in 2025.

Springleaf Finance intends to use the proceeds for general corporate purposes, which may include a partial redemption of OneMain Financial Holdings, LLC's 7˝% senior notes due 2021 and other debt repurchases.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.