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S&P gives BB to OneMain notes
S&P said it assigned its BB rating to OneMain Finance Corp.'s planned $500 million of senior unsecured notes due 2029. The issuer is a subsidiary of OneMain Holdings Inc., which will guarantee the notes. The agency rates OneMain Holdings at BB.
The company intends to use the proceeds for general corporate purposes, which may include debt repurchases and repayments.
The outlook is stable.
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