OneMain Finance Corporation Completes $1 Billion 6.750% Senior Notes Offering Due 2033

Simpson Thacher represented the underwriters in connection with OneMain Finance Corporation’s registered offering of senior notes. The transaction consisted of a registered offering by OneMain Finance Corporation (OMFC) of $1.0 billion aggregate principal amount of 6.750% Senior Notes due 2033. OMFC intends to use all of the net proceeds from the offering to repay outstanding secured facilities, with any excess to be used for general corporate purposes. The size of the offering was upsized from $500 million to $1 billion. To date, Simpson Thacher has represented the underwriters in connection with approximately $11 billion of debt financings by OMFC since 2023. OMFC is a financial services company that operates in the United States and markets personal loans in 47 states. Simpson Thacher represented the underwriters with a team composed by: Dave Azarkh, Erica Yoon, Jacob Broz and Cara Capoccitti (Capital Markets); Jon Cantor and Paul Jansch (Tax); Jennie Getsin (Blue Sky); Pasco Struhs (ECEB); Ron Ben-Yehuda and Paige Brinton (IP); and Amanda Allexon and James Fine (Financial Institutions).

OneMain Finance Corporation Completes $1 Billion 6.750% Senior Notes Offering Due 2033

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