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OneMain Holdings unit prices upsized note offering

OneMain Holdings Inc. subsidiary Springleaf Finance Corp. has priced its offering of $900 million of 7.125% senior notes due March 15, 2026.

The offering, which grew from $500 million, is expected to close May 11.

Springleaf Finance intends to use the net proceeds to redeem the remaining $400 million of OneMain Financial Holdings LLC's 7.250% senior notes due 2021 and for other general corporate purposes, which may include other debt repurchases and repayments.

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