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OneMain Financial to redeem $700 million 6¾% senior notes due 2019
By Sarah Lizee
Olympia, Wash., Dec. 8 – OneMain Financial Holdings, LLC will redeem all $700 million of its 6¾% senior notes due 2019, according to an 8-K filed Friday with the Securities and Exchange Commission.
The notes will be redeemed on Jan. 8 at 103.375% of par plus accrued interest up to the redemption date.
Also on Friday, OneMain Holdings, Inc. said it closed its public offering of $875 million 5 5/8% senior notes due 2023. The notes were issued by indirect, wholly owned subsidiary, Springleaf Finance Corp.
The company said proceeds from the issuance would be used for general corporate purposes, which may include debt repayments.
OneMain is an Evansville, Ind.-based consumer finance company.
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