OneMain Finance Corporation Completes $750 Million Senior Notes Offering
05.22.24
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The Firm represented the underwriters in connection with a registered offering by OneMain Finance Corporation (“OMFC”) of $750 million aggregate principal amount of 7.500% Senior Notes due 2031. OMFC intends to use the proceeds of the notes offering to redeem a portion of its outstanding 6.875% Senior Notes due 2025. To date, Simpson Thacher has represented the underwriters in connection with approximately $2.5 billion of debt financings by OMFC since 2013.
OMFC is a financial services company that operates in the United States and markets personal loans in 44 states.
The Simpson Thacher team included Dave Azarkh, Maggie Selbe and Jason Tsudik (Capital Markets); Jon Cantor and Edward Grais (Tax); Jennie Getsin (Blue Sky); Michael Isby (Environmental); Pasco Struhs and Hannah Daniels (ECEB); Ron Ben-Yehuda and Paige Brinton (IP); and Abram Ellis, Christine Tillema and Cary Milanes (Regulatory).