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OneMain Holdings unit plans to offer senior notes

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OneMain Holdings unit plans to offer senior notes

OneMain HoldingsInc. on April 6 said its indirect, wholly owned subsidiary is proposingto offer up to $400 million aggregate principal amount of senior notes due 2020,subject to market and other conditions.

The notes will be guaranteed on an unsecured basis by OneMainHoldings.

Springleaf Finance plans to use the net proceeds from the offeringfor general corporate purposes, which may include debt repurchases and repayments.