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Share Name | Share Symbol | Market | Type |
---|---|---|---|
OneMain Holdings Inc | NYSE:OMF | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.15 | -0.30% | 49.89 | 50.16 | 49.2308 | 49.89 | 800,085 | 23:03:26 |
Issuer:
|
Springleaf Finance Corporation
|
Aggregate Principal Amount:
|
$1,000,000,000
|
Title of Securities:
|
6.125% Senior Notes due 2024 (the “
Notes
”)
|
Maturity Date:
|
March 15, 2024
|
Offering Price:
|
100.00%, plus accrued interest from February 22, 2019
|
Coupon:
|
6.125%
|
Yield:
|
6.123%
|
Spread:
|
365 basis points
|
Benchmark Treasury:
|
2.125% UST due February 29, 2024
|
Gross Proceeds to Issuer:
|
$1,000,000,000
|
Net Proceeds to Issuer After Gross Spread:
|
$987,500,000
|
Gross Spread:
|
1.250%
|
Distribution:
|
SEC Registered
|
CUSIP and ISIN Numbers:
|
CUSIP: 85172FAP4
ISIN: US85172FAP45 |
Denominations:
|
$2,000 and integral multiples of $1,000
|
Interest Payment Dates:
|
March 15 and September 15
|
First Interest Payment Date:
|
September 15, 2019
|
Record Dates:
|
March 1 and September 1
|
Optional Redemption:
|
Except as set forth in the next two succeeding paragraphs, the Notes are not subject to redemption prior to the Stated Maturity, and
there is no sinking fund for the Notes.
At any time or from time to time prior to September 15, 2023 (six months prior to the Stated Maturity of the Notes), the Issuer may
redeem, at its option, all or part of the Notes upon not less than 30 nor more than 60 days’ prior notice (with a copy to the Trustee) at a redemption price equal to the sum of (i) 100% of the principal amount thereof, plus (ii) the
Applicable Premium as of the date of redemption, plus (iii) accrued and unpaid interest on the Notes, if any, to, but excluding, the date of redemption (subject to the right of holders of record on the relevant record date to receive
interest due on the relevant interest payment date),
In addition, at any time on or after September 15, 2023 (six months prior to the Stated Maturity of the Notes), the Issuer may redeem,
at its option, all or part of the Notes upon not less than 30 nor more than 60 days’ prior notice (with a copy to the Trustee) at a redemption price equal to the sum of (i) 100% of the principal amount thereof, plus (ii) accrued and unpaid
interest on the Notes, if any, to, but excluding, the date of redemption (subject to the right of holders of record on the relevant record date to receive interest due on the relevant interest payment date).
“
Applicable Premium
” means, with respect to any Note on any date of redemption, as determined by the Issuer, the excess, if any, of (a) the sum of the present values of the remaining
scheduled payments of principal and interest on the Note (excluding accrued but unpaid interest to the date of redemption) through September 15, 2023 (six months prior to the Stated Maturity of the Notes), discounted to the date of
redemption on a semi-annual basis using a discount rate equal to the Treasury Rate as of such date of redemption plus 50 basis points; over (b) the principal amount of the Note.
|
1
|
A securities rating is not a
recommendation to buy, sell or hold securities and may be subject to revision, suspension or withdrawal at any time. Each credit rating should be evaluated independently of any other credit rating.
|
Offering Size and Use of Proceeds:
|
The total offering size has been increased from $500 million to $1.0 billion, which represents an increase of $500 million from the amount
reflected in the Preliminary Prospectus Supplement. The Issuer intends to use the net proceeds from this offering to redeem the approximately $685 million of remaining aggregate principal amount outstanding of the Issuer’s 5.25% Senior Notes
due 2019 and for general corporate purposes, which may include other debt repurchases and repayments.
|
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