OneMain Holdings Inc. announced the pricing of a public offering of 4,179,678 common shares by Springleaf Financial Holdings LLC.
Springleaf is owned primarily by a private equity fund managed by an affiliate of Fortress Investment Group LLC and AIG Capital Corp. The shares being sold by Springleaf are owned by an affiliate of American International Group Inc. Fortress-owned shares are not being offered for sale.
OneMain will not receive any proceeds from the sale. The offering is expected to close on Feb. 26.
Morgan Stanley is acting as the sole underwriter for the offering. The underwriter may offer the shares from time to time on the New York Stock Exchange, in the over-the-counter market.