OneMain Finance Corporation Completes $800 Million Senior Notes Offering
The Firm represented the underwriters in connection with a registered offering by OneMain Finance Corporation (“OMFC”) of $800 million aggregate principal amount of 6.500% Senior Notes due 2033. OMFC intends to use all of the net proceeds from this offering for general corporate purposes, which may include debt repurchases or repayments. 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 $9.5 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).