Loan & DebtAug 7, 2026, 05:37 PM
OneMain Finance to Issue $600M Senior Notes at 7.125% Due 2034
AI Summary
OneMain Finance Corporation, a subsidiary of OneMain Holdings, Inc., entered into an underwriting agreement to issue $600.0 million aggregate principal amount of 7.125% Senior Notes due 2034. OneMain Holdings, Inc. will serve as a guarantor for these Notes. The offering is anticipated to close on August 20, 2026, subject to customary closing conditions. The net proceeds from this offering are intended for general corporate purposes, which may include debt repurchases or repayments.
Key Highlights
- OneMain Finance Corporation to issue $600.0 million aggregate principal amount of Senior Notes.
- The Senior Notes will bear an interest rate of 7.125%.
- The Notes are due in 2034.
- OneMain Holdings, Inc. will act as a guarantor for the Notes.
- The offering is expected to close on August 20, 2026.
- Net proceeds will be used for general corporate purposes, including debt repurchases or repayments.
Price Impact
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