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OneMain Holdings unit prices upsized note offering

OneMain Holdings Inc. subsidiary Springleaf Finance Corp. has priced its offering of $1.25 billion of 6.875% senior notes due March 15, 2025.

The size of the offering grew to $1.25 billion from $500 million.

The closing of the offering is expected to occur March 12.

Springleaf Finance intends to use the net proceeds from the offering for general corporate purposes, which may include a partial redemption of 7.250% senior notes due 2021 and other debt repurchases and repayments.

The notes will be guaranteed on an unsecured basis by OneMain Holdings.