OneMain Finance prices $600M of 7.125% senior notes due 2034, structurally subordinated to $12.2B

Filed August 7, 2026 · ~1 min read

Key Changes

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  OneMain Finance Corporation (a subsidiary of OneMain Holdings) priced $600 million of 7.125% senior notes due March 2034, yielding net proceeds of $592 million for general corporate purposes including potential debt repurchases.

  The Offering verify on EDGAR →
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  The notes are structurally subordinated to approximately $12.2 billion of subsidiary debt (securitizations and secured facilities), meaning noteholders have no claim on subsidiary assets until those creditors are paid in full.

  The Offering verify on EDGAR →
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  Pro forma total indebtedness reaches $23.9 billion; the notes rank equally with $10.7 billion of other unsubordinated debt and are senior only to $350 million of subordinated debt.

  The Offering verify on EDGAR →