EVANSVILLE, Ind.–(BUSINESS WIRE)–OneMain Holdings, Inc. (NYSE: OMF) (“OMH”) appear today that its direct, wholly-owned accessory OneMain Accounts Corporation (“OMFC”) priced $500 actor accumulated arch bulk of its 4.000% chief addendum due 2030 (the “2030 notes”) in affiliation with its ahead appear registered addendum offering. The admeasurement of the addendum alms has been upsized from $500 actor to $850 million.
The 2030 addendum will be affirmed on an apart abject by OMH (the “guarantee”). The closing of the alms is accepted to action on December 17, 2020, accountable to achievement of accepted closing conditions.
OMFC intends to use the net gain from the alms to redeem the $650 actor of actual accumulated arch bulk outstanding of OMFC’s 7.75% Chief Addendum due 2021 (the “2021 notes”) and the butt for accepted accumulated purposes.
OMFC has delivered an certain apprehension of accretion to the trustee to redeem the $650 actor accumulated arch bulk outstanding of the 2021 addendum with a appointed accretion date of January 8, 2021. The 2021 addendum accretion is not conditioned on the alms of the 2030 notes.
The 2030 addendum alms is actuality fabricated alone by agency of a announcement supplement and accompanying abject prospectus. OMH and OMFC accept filed a allotment account (including a abject prospectus) and a basic announcement supplement with the U.S. Balance and Exchange Commission (“SEC”) for the alms to which this advice relates and will book a final announcement supplement apropos to the offering. Prospective investors should apprehend the announcement supplement and abject announcement in that allotment account and added abstracts OMH and OMFC accept filed or will book with the SEC for added complete advice about OMH and OMFC and the offering. You may access these abstracts for chargeless by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, copies of the final announcement supplement and the accompanying abject announcement for the offering, back available, may be acquired by contacting: RBC Capital Markets, LLC, Brookfield Place, 200 Vesey Street, 8th Floor, New York, New York 10281, Attention: Leveraged Capital Markets, or by blast at 1-877-280-1299, Deutsche Bank Balance Inc., Attention: Announcement Group, 60 Wall Street, New York, NY 10005, Tel: (800) 503-4611 or Natixis Balance Americas LLC, Attention: Debt Capital Markets, 1251 Avenue of the Americas (4th Floor), New York, NY 10020, by telephone: 1 212 891 6000 or by emailing [email protected]
This columnist absolution does not aggregate an action to advertise or a address of an action to buy, nor shall there be any auction of any of the balance in any administration in which such offer, address or auction would be actionable above-mentioned to allotment or accomplishment beneath the balance laws of any such jurisdiction. The balance actuality offered accept not been accustomed or banned by any authoritative authority, nor has any such ascendancy anesthetized aloft the accurateness or capability of the announcement supplement or the shelf allotment account or prospectus.
About OneMain Holdings, Inc.
OneMain Holdings, Inc. is a arch customer accounts aggregation accouterment amenable accommodation articles to barter through its civic annex arrangement and the internet. The aggregation has a 100-year clue almanac of aerial affection origination, underwriting and application of claimed loans, primarily to non-prime consumers.
Certain statements in this columnist absolution may aggregate advanced statements aural the acceptation of the Private Balance Litigation Reform Act of 1995, including, but not bound to, OMH’s and OMFC’s ambition to able the alms and affair the addendum and the guarantee, the advancing closing date and OMFC’s advised use of net gain from the offering. The cleanup of the alms is accountable to bazaar altitude and added factors that are above our control. Accordingly, no affirmation can be accustomed that the alms will be completed on the advised agreement or at all and you should not abode disproportionate assurance on any advanced statements independent in this columnist release. For a altercation of some of the risks and important factors that could affect such advanced statements, see the sections advantaged “Risk Factors” in the announcement supplement accompanying to the offering, in OMH’s and OMFC’s Combined Annual Report on Form 10-K for the budgetary year concluded December 31, 2019, in OMH’s and OMFC’s consecutive Combined Quarterly Report on Form 10-Q for the division concluded March 31, 2020, the division concluded June 30, 2020, the division concluded September 30, 2020 and in OMH’s and OMFC’s added filings with the SEC. Neither OMH nor OMFC undertakes any obligation to absolution about any revisions to advanced statements fabricated by it to reflect contest or affairs occurring afterwards the date hereof or the accident of hasty events.
OneMain Holdings, Inc.David R. Schulz, 212-359-2426