Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers O > Headlines for OneMain Holdings, Inc. > News item |
OneMain/Springleaf to price $400 million tap of 7 1/8% notes due 2026 in Wednesday drive-by
By Paul A. Harris
Portland, Ore., Aug. 8 – OneMain Holdings Inc.’s subsidiary Springleaf Finance Corp. plans to price a $400 million add-on to its 7 1/8% senior bullet notes due March 15, 2026 in a quick-to-market trade on Wednesday following a mid-morning conference call with investors, according to market sources.
Initial price talk is par to par ½.
Goldman Sachs & Co. is the left bookrunner for the public offering. Citigroup Global Markets Inc., Barclays, Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Morgan Stanley & Co., RBC Capital Markets LLC and SG CIB are joint bookrunners.
Academy Securities Inc., JMP Group LLC and R. Seelaus & Co. Inc. are the co-managers.
The notes feature a make-whole call at Treasuries plus 50 basis points. They are otherwise non-callable.
The original $900 million issue priced at par on May 9, 2018.
The Evansville, Ind.-based consumer finance company plans to use the proceeds for general corporate purposes which may include debt repurchases and repayments.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.