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OneMain Holdings closes sale of branches to Lendmark Financial

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OneMain Holdings closes sale of branches to Lendmark Financial

OneMain HoldingsInc. has closed the saleof 127 branches of Springleaf Financial and certain related assets to 's .

The sale was completed as part of a settlement agreement with the U.S. Department of Justiceand several states, which allowed Springleaf Holdings Inc. to complete its of OneMain Financial Holdings from Citigroup Inc.

According to a May 2 news release, cash proceeds to OneMain Holdingsfrom the sale were $624 million, which included the sale of $600 million in unpaidprincipal balance of loans sold as of March 31.