The Firm represented the underwriters in connection with a registered offering by OneMain Finance Corporation (“OMFC”) of $400 million aggregate principal amount of 9% Senior Notes due 2029. The notes constituted a reopening of the $500 million aggregate principal amount of 9% Senior Notes due 2029 originally issued on June 22, 2023. OMFC intends to use the proceeds of the notes offering to redeem a portion of its 6.125% Senior Notes due 2024.
OMFC is a financial services company that operates in the United States and markets personal loans in 44 states.
The Simpson Thacher team included Dave Azarkh, Pia Figuerola, Mark Marzziotti (Capital Markets); Jon Cantor and Lina Pan (Tax); Jennie Getsin (Blue Sky); Michael Isby (Environmental); Pasco Struhs and Hannah Daniels (ECEB); Marisa Geiger and Rachelle Broida (IP); Steve DeLott (Insurance); and Spencer Sloan, Abram Ellis and Christine Tillema (Regulatory).