OneMain Holdings, Inc. Announces Closing of $750 Million Social Bond - Seite 2
In addition to personal loans, OneMain offers free financial education opportunities for customers and the wider community in the form of town halls, a library of articles and blogs, and micro-courses on budgeting, savings and credit.
Through philanthropic donations and community partnerships, the company has made investments to support financial literacy, community and economic development, and racial and social justice initiatives – including more than $1 million to pandemic relief efforts in 2020.
Terms of Bond:
Issuer: OMFC
Guarantor: OMH
Amount: $750 million aggregate principal amount of senior notes
Coupon: 3.500%
Maturity: January 15, 2027
Optional redemption: Non-callable until January 15, 2024, with the first call price at par + 50% of coupon, declining ratably to par one year prior to maturity
Current Issue Ratings: Ba3 / BB- / BB+ (Moody’s / S&P / Kroll)
Use of Proceeds: Finance or re-finance, in part or in full, a portfolio of new or existing loans that meet the eligibility criteria of OneMain’s Social Bond Framework
Second-Party Opinion Provider: S&P Global Ratings
Joint Book-Running Managers and Joint Social Bond Structurers and Coordinators:
- BNP Paribas
- Citigroup
- Mizuho Securities
This press release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The securities being offered have not been approved or disapproved by any regulatory authority, nor has any such authority passed upon the accuracy or adequacy of the prospectus supplement or the shelf registration statement or prospectus.
About OneMain Financial
OneMain Financial (NYSE: OMF) has been offering responsible and transparent loans for over 100 years. With about 1,400 locations throughout 44 states, the company is committed to helping people with their personal loan needs. OneMain and its team members are dedicated to the communities where they live and work.
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Cautionary Note Regarding Forward-Looking Statements
Certain statements in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, OMFC’s intended use of net proceeds from the offering. You should not place undue reliance on any forward-looking statements contained in this press release. For a discussion of some of the risks and important factors that could affect such forward-looking statements, see the sections entitled “Risk Factors” in the prospectus supplement related to the offering, in OMH’s and OMFC’s Combined Annual Report on Form 10-K for the fiscal year ended December 31, 2020, in OMH’s and OMFC’s subsequent Combined Quarterly Report on Form 10-Q for the quarter ended March 31, 2021 and in OMH’s and OMFC’s other filings with the SEC. Neither OMH nor OMFC undertakes any obligation to release publicly any revisions to forward-looking statements made by it to reflect events or circumstances occurring after the date hereof or the occurrence of unanticipated events.
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