OneMain’s Springleaf unit to repay revolving debt via new notes

By Sarah Lizee

Olympia, Wash., May 12 – OneMain Holdings, Inc. subsidiary Springleaf Finance Corp. plans to pay down revolving credit facility debt with proceeds from a new offering of notes, according to a press release.

OneMain announced on Tuesday that Springleaf plans to offer up to $400 million of senior notes due 2025.

Proceeds from the offering will also be used for general corporate purposes.

OneMain is an Evansville, Ind.-based financial services provider.

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