OneMain Holdings Inc. Announces $800 Million Debt Redemption with New Senior Notes Offering

Reuters
30 May
OneMain Holdings Inc. Announces $800 Million Debt Redemption with New Senior Notes Offering

OneMain Holdings Inc. announced that its subsidiary, OneMain Finance Corporation, has entered into an agreement for the issuance and sale of $800 million in 7.125% Senior Notes due 2032. The transaction, managed by Barclays Capital Inc. as part of several underwriters, is set to close on June 11, 2025. The company plans to use the net proceeds from this offering to redeem a portion of its outstanding 7.125% Senior Notes due 2026. This strategic move aims to manage OneMain's debt profile effectively.

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