OneMain Finance Corporation Completes $600 Million Senior Notes Offering
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 2034. 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 $600 million. To date, Simpson Thacher has represented the underwriters in connection with approximately $12 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 48 states.
The Simpson Thacher team included Dave Azarkh, Erica Yoon, Cara Capoccitti and Adriana Hong (Capital Markets); Jon Cantor and Paul Jansch (Tax); Jennie Getsin (Blue Sky); Jeanne Annarumma and Pasco Struhs (ECEB); and Ron Ben-Yehuda and Paige Brinton (IP).