OneMain expected to price $500 million 5.25-year bullet on Tuesday

By Paul A. Harris

Portland, Ore., Dec. 5 – OneMain Holdings, Inc. plans to price $500 million of non-callable 5.25-year senior notes in a Tuesday drive-by, trailing a late-morning conference call with investors, according to a syndicate source.

Goldman Sachs & Co. is the left bookrunner for the public offering. Barclays, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. LLC, Natixis, RBC Capital Markets LLC and SG CIB are the joint bookrunners.

Mischler, Ramirez and R. Seelaus are the co-managers.

The issuing entity will be OneMain's indirect, wholly owned subsidiary, Springleaf Finance Corp.

The Evansville, Ind.-based consumer finance company plans to use the proceeds for general corporate purposes, which may include debt repayments.

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