Market Overview

OneMain Holdings, Inc. Announces Proposed Offering of Additional Senior Notes due 2026


OneMain Holdings, Inc. (NYSE:OMF) ("OMH") announced today that its
indirect, wholly-owned subsidiary Springleaf Finance Corporation ("SFC")
is proposing to offer up to $400 million aggregate principal amount of
its 7.125% Senior Notes due March 15, 2026 (the "Additional Notes"),
subject to market and other conditions. The Additional Notes will be
treated as a single series with, and have the same CUSIP numbers as,
SFC's outstanding $900 million aggregate principal amount of 7.125%
Senior Notes due 2026 issued on May 11, 2018. The Additional Notes will
be guaranteed on an unsecured basis by OMH (the "guarantee"). There can
be no assurance that the offering of Additional Notes will be

SFC intends to use the net proceeds from the offering for general
corporate purposes, which may include debt repurchases and repayments.

The offering is being made only by means of a prospectus supplement and
accompanying base prospectus. OMH and SFC have filed a registration
statement (including a base prospectus) and a preliminary prospectus
supplement with the U.S. Securities and Exchange Commission ("SEC") for
the offering to which this communication relates and will file a final
prospectus supplement relating to the offering. Prospective investors
should read the prospectus supplement and base prospectus in that
registration statement and other documents OMH and SFC have filed or
will file with the SEC for more complete information about OMH and SFC
and this offering. You may obtain these documents for free by visiting
EDGAR on the SEC's website at
Alternatively, copies of the preliminary prospectus supplement and the
accompanying base prospectus for the offering may be obtained by
contacting Goldman Sachs & Co. LLC, Prospectus Department, 200 West
Street, New York, NY 10282, telephone: 1-866-471-2526, facsimile:
1-212-902-9316 or by emailing

This press release does not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of any of
the securities in any jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. The securities being offered
have not been approved or disapproved by any regulatory authority, nor
has any such authority passed upon the accuracy or adequacy of the
prospectus supplement or the shelf registration statement or prospectus.

About OneMain Holdings, Inc.

OneMain Holdings, Inc. is a leading consumer finance company providing
responsible loan products to customers through its nationwide branch
network and the internet. The company has a 100-year track record of
high quality origination, underwriting and servicing of personal loans,
primarily to non-prime consumers.

Cautionary Note Regarding Forward-Looking Statements

Certain statements in this press release may constitute
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995, including, but not limited to, OMH's and
SFC's intention to consummate this offering and issue the Additional
Notes and the guarantee, OMH's and SFC's expectation regarding the
aggregate principal amount of Additional Notes to be sold and SFC's
intended use of proceeds of the offering.
 The consummation
of the offering is subject to market conditions and other factors that
are beyond our control. Accordingly, no assurance can be given that the
offering will be completed on the contemplated terms or at all and you
should not place undue reliance on any forward-looking statements
contained in this press release. For a discussion of some of the risks
and important factors that could affect such forward-looking statements,
see the sections entitled "Risk Factors" in the prospectus supplement
related to the offering, in OMH's Annual Report on Form 10-K for the
fiscal year ended December 31, 2017, in OMH's subsequent Quarterly
Reports on Form 10-Q, in SFC's Annual Report on Form 10-K for the fiscal
year ended December 31, 2017, in SFC's subsequent Quarterly Reports on
Form 10-Q, and in OMH's and SFC's other filings with the SEC. Neither
OMH nor SFC undertakes any obligation to release publicly any revisions
to forward-looking statements made by it to reflect events or
circumstances occurring after the date hereof or the occurrence of
unanticipated events.

View Comments and Join the Discussion!