OneMain Holdings Inc.'s subsidiary Springleaf Finance Corp. is planning to offer up to $500 million in aggregate principal amount of senior notes due 2025, subject to market and other conditions.
The notes will be guaranteed on an unsecured basis by OneMain Holdings. There can be no assurance that the offering of the notes will be consummated.
The subsidiary intends to use the net proceeds from the offering for general corporate purposes, which may include a partial redemption of OneMain Holdings' 7.250% senior notes due 2021 and other debt repurchases and repayments.
