OneMain Financial reports it will price initial public stock offering

Citigroup is bookrunner; proceeds used to repay dividend note

By Devika Patel

Knoxville, Tenn., Oct. 8 – OneMain Financial Holdings, Inc. plans to price an initial public offering of its common stock with a 30-day over-allotment option, according to a Form S-1 filed Wednesday with the Securities and Exchange Commission.

Citigroup Global Markets Inc. is the bookrunning manager.

Proceeds will be used to repay the company’s dividend note.

The consumer finance company is based in Baltimore. The company intends to list its common stock on the New York Stock Exchange.

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