OneMain Finance Corporation Completes $600 Million Senior Notes Offering
03.13.25
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The Firm represented the underwriters in connection with a registered offering by OneMain Finance Corporation (“OMFC”) of $600 million aggregate principal amount of 6.750% Senior Notes due 2032. 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 $600 million. To date, Simpson Thacher has represented the underwriters in connection with approximately $6.6 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 47 states.
The Simpson Thacher team included Dave Azarkh, Erica Yoon and Cara Capoccitti (Capital Markets); Jonathan Cantor and Paul Jansch (Tax); Jennie Getsin (Blue Sky); Michael Isby (Environmental); J. Pasco Struhs (Executive Compensation Employee Benefits); Ron Ben-Yehuda and Paige Brinton (IP); Abram Ellis, Cary Milanes, and Claire Cahoon (Regulatory); and Amanda Allexon and James Fine (Financial Institutions).