OneMain Finance prices $500M senior notes due 2034, structurally subordinated to $12.2B subsidiary debt

Filed August 6, 2026 · ~1 min read

Key Changes

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  OneMain Finance Corporation (OMFC) is offering $500 million aggregate principal amount of senior notes due 2034, guaranteed by parent OneMain Holdings but not by operating subsidiaries.

  The Offering verify on EDGAR →
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  The notes are structurally subordinated to approximately $12.2 billion of subsidiary-level debt including securitizations and secured facilities, meaning subsidiary creditors must be paid before noteholders have any claim on subsidiary assets.

  The Offering verify on EDGAR →
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  Net proceeds of approximately $493 million will be used for general corporate purposes, which may include debt repurchases or repayments. Pro forma total indebtedness across OMH and subsidiaries is $23.8 billion.

  Use of Proceeds verify on EDGAR →