OneMain Finance Corporation Completes $800 Million Senior Notes Offering
06.11.25
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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 7.125% Senior Notes due 2032. OMFC intends to use the proceeds of the notes offering to redeem a portion of its outstanding 7.125% Senior Notes due 2026. The size of the offering was upsized from $500 million to $800 million. To date, Simpson Thacher has represented the underwriters in connection with approximately $7.5 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); Jon Cantor and Paul Jansch (Tax); Jennie Getsin (Blue Sky); Pasco Struhs (ECEB); Ron Ben-Yehuda and Paige Brinton (IP); and Amanda Allexon and James Fine (Financial Institutions).