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Prospect News home > News index > List of issuers O > Headlines for OneMain Financial Holdings LLC > News item
Published on 5/9/2018 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

OneMain to call remaining $400 million of 7¼% notes via new issue

By Susanna Moon

Chicago, May 9 – OneMain Financial Holdings, LLC said it will redeem the remaining $400 million of its 7¼% senior notes due 2021 using proceeds of a new issue.

OneMain’s indirect wholly owned subsidiary Springleaf Finance Corp. is planning to price up to $500 million principal amount of senior notes due 2026, according to a company announcement.

Proceeds also will be used for other general corporate purposes, including other debt repurchases and repayments.

As announced March 20, OneMain redeemed $400 million of the $800 million 7¼% notes on April 18 at 103.625% of par.

OneMain is an Evansville, Ind.-based consumer finance company.


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