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OneMain Holdings unit to offer up to $400M in additional senior notes

Springleaf Finance Corp. is proposing to offer up to an additional $400 million in aggregate principal amount of its 7.125% senior notes due March 15, 2026.

The notes will be treated as a single series with the OneMain Holdings Inc. unit's outstanding offering of $900 million aggregate principal amount of its 7.125% senior notes, which were issued May 11.

There is no assurance that the offering of the additional notes will be consummated.

Net proceeds will be used for general corporate purposes, including debt repurchases and repayments.