OneMain Holdings, Inc. Announces Proposed Offering of Senior Notes due 2024

EVANSVILLE, Ind.–(BUSINESS WIRE)–OneMain Holdings, Inc. (NYSE: OMF) (“OMH”) announced today that its
indirect, wholly-owned subsidiary Springleaf Finance Corporation (“SFC”)
is proposing to offer up to $500 million aggregate principal amount of
its senior notes due 2024 (the “notes”), subject to market and other
conditions. The notes will be guaranteed on an unsecured basis by OMH
(the “guarantee”). There can be no assurance that the offering of the
notes will be consummated.

SFC intends to use the net proceeds from the offering, together with
cash on hand, to redeem the remaining aggregate principal amount
outstanding of SFC’s 5.25% Senior Notes due 2019.

The offering is being made only by means of a prospectus supplement and
accompanying base prospectus. OMH and SFC have filed a registration
statement (including a base prospectus) and a preliminary prospectus
supplement with the U.S. Securities and Exchange Commission (“SEC”) for
the offering to which this communication relates and will file a final
prospectus supplement relating to the offering. Prospective investors
should read the prospectus supplement and base prospectus in that
registration statement and other documents OMH and SFC have filed or
will file with the SEC for more complete information about OMH and SFC
and the offering. You may obtain these documents for free by visiting
EDGAR on the SEC’s website at www.sec.gov.
Alternatively, copies of the preliminary prospectus supplement and the
accompanying base prospectus for the offering may be obtained by
contacting Barclays Capital Inc., c/o Broadridge Financial Solutions,
1155 Long Island Avenue, Edgewood, NY 11717, by telephone (toll-free):
(888) 603-5847 or by emailing: [email protected].

This press release does not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of any of
the securities in any jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. The securities being offered
have not been approved or disapproved by any regulatory authority, nor
has any such authority passed upon the accuracy or adequacy of the
prospectus supplement or the shelf registration statement or prospectus.

About OneMain Holdings, Inc.

OneMain Holdings, Inc. is a leading consumer finance company providing
responsible loan products to customers through its nationwide branch
network and the internet. The company has a 100-year track record of
high quality origination, underwriting and servicing of personal loans,
primarily to non-prime consumers.

Cautionary Note Regarding Forward-Looking Statements

Certain statements in this press release may constitute
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995, including, but not limited to, OMH’s and
SFC’s intention to consummate the offering and issue the notes and the
guarantee, OMH’s and SFC’s expectation regarding the aggregate principal
amount of notes to be sold and SFC’s intended use of proceeds of the
offering.
 The consummation of the offering is subject to
market conditions and other factors that are beyond our control.
Accordingly, no assurance can be given that the offering will be
completed on the contemplated terms or at all and you should not place
undue reliance on any forward-looking statements contained in this press
release. For a discussion of some of the risks and important factors
that could affect such forward-looking statements, see the sections
entitled “Risk Factors” in the prospectus supplement related to the
offering, in OMH’s Annual Report on Form 10-K for the fiscal year ended
December 31, 2018, in SFC’s Annual Report on Form 10-K for the fiscal
year ended December 31, 2018, and in OMH’s and SFC’s other filings with
the SEC. Neither OMH nor SFC undertakes any obligation to release
publicly any revisions to forward-looking statements made by it to
reflect events or circumstances occurring after the date hereof or the
occurrence of unanticipated events.

Contacts

OneMain Holdings, Inc.
David R. Schulz, 812-468-5180

error: Content is protected !!