OneMain Finance Corporation Completes $900 Million Senior Notes Offering
11.04.24
This is only gets display when printing
The Firm represented the underwriters in connection with a registered offering by OneMain Finance Corporation (“OMFC”) of $900 million aggregate principal amount of 6.625% Senior Notes due 2029. OMFC intends to use the proceeds of the notes offering for general corporate purposes, which may include debt repurchases or repayments. The size of the offering was upsized from $500 million to $900 million. To date, Simpson Thacher has represented the underwriters in connection with approximately $6 billion of debt financings by OMFC since 2023.
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, Joann Kim and Sean Xu (Capital Markets); Jon Cantor and Paul Jansch (Tax); Jennie Getsin (Blue Sky); Michael Isby (Environmental); Pasco Struhs and Hannah Daniels (Executive Compensation and Employee Benefits); Ron Ben-Yehuda and Paige Brinton (Intellectual Property); Abram Ellis, Christine Tillema and Cary Milanes (Regulatory); and Amanda Allexon and James Fine (Financial Institutions).