EVANSVILLE, Ind.--(BUSINESS WIRE)--
Springleaf Holdings, Inc. (NYSE: LEAF) (“SHl” or the “Company”)
announced today the pricing of a public offering of 27,864,525 shares of
its common stock at a public offering price of $51.50 per share. The
size of the offering was upsized from 22,727,273 shares to 27,864,525
shares. The Company is selling 19,417,476 shares for gross proceeds of
approximately $1.0 billion. The selling stockholder, Springleaf
Financial Holdings, LLC (the “Selling Stockholder”), an entity owned
primarily by a private equity fund managed by an affiliate of Fortress
Investment Group LLC and AIG Capital Corporation, a subsidiary of
American International Group, Inc. (“AIG”), is selling 8,447,049 shares
at the public offering price. The shares being sold by the Selling
Stockholder are beneficially owned by AIG. The Company will not receive
any proceeds from the sale of the shares by the Selling Stockholder. The
offering is expected to close on May 4, 2015, subject to customary
closing conditions.
In connection with the offering, the underwriters will have an option
for 30 days to purchase up to an additional 4,179,678 shares of the
Company’s common stock from the Selling Stockholder.
The Company intends to use its portion of the net proceeds from the
offering, together with cash on hand and proceeds from the sale of
investment securities and existing conduit facilities, to fund the
previously announced proposed acquisition of OneMain Financial Holdings,
Inc. (“OneMain”) and/or for general corporate purposes, which may
include debt repurchases and repayments, capital expenditures and other
possible acquisitions. However, the Company is not required to use the
net proceeds from the offering to fund the proposed acquisition of
OneMain, and accordingly, the Company will have broad discretion over
the use of the net proceeds from the offering.
Citigroup, Goldman, Sachs & Co., Barclays and Credit Suisse are acting
as joint book-running managers for the offering. Natixis, RBC Capital
Markets and Wells Fargo Securities are acting as co-managers.
The offering is being made pursuant to the Company’s existing effective
shelf registration statement, previously filed with the Securities and
Exchange Commission (the “SEC”). The offering is being made only by
means of a prospectus and a related prospectus supplement. Prospective
investors should read the prospectus supplement and base prospectus in
that registration statement and other documents SHI has filed or will
file with the SEC for more complete information about SHI and the
offering. You may obtain these documents for free by visiting EDGAR on
the SEC’s website at www.sec.gov.
Alternatively, copies of the final prospectus supplement and the
accompanying base prospectus for the offering may be obtained by
contacting Citigroup, c/o Broadridge Financial Solutions, 1155 Long
Island Avenue, Edgewood, New York, 11717, or by phone at (800) 831-9146;
Goldman, Sachs & Co., Attn: Prospectus Department, 200 West Street, New
York, NY 10282, telephone: 866-471-2526, facsimile: 212-902-9316,
e-mail: prospectus-ny@ny.email.gs.com;
Barclays, c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717, by email at barclaysprospectus@broadridge.com
or by phone at (888) 603-5847; or Credit Suisse at One Madison Avenue,
New York, NY 10010-3629, Attn: Prospectus Department, by email at newyork.prospectus@credit-suisse.com
or by phone at (800) 221-1037.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy shares of common stock, nor shall there
be any sale of these 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.
About Springleaf Holdings, Inc.
SHI is a leading consumer finance company providing loan products to
customers through its nationwide branch network and online presence. SHI
has a nearly 100-year track record of high quality origination,
underwriting and servicing of personal loans, primarily to nonprime
consumers. SHI operates one of the largest consumer finance branch
networks in the United States, serving its customers through nearly 830
branches in 26 states.
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, the
offering, including the expected closing date and SHI’s intended use of
proceeds from the offering. The consummation of the offering is subject
to market conditions and other factors that are beyond our control.
Accordingly, no assurance can be given that the offering will be
completed on the contemplated terms or at all and 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 and in SHI's Annual Report on Form 10-K for the fiscal year
ended December 31, 2014. SHI does not undertake any obligation to
release publicly any revisions to forward-looking statements made by it
to reflect any change in its expectations with regard thereto or events
or circumstances occurring after the date hereof or the occurrence of
unanticipated events.
Springleaf Holdings, Inc.
Craig Streem, 812-468-5752
Craig.streem@springleaf.com
Source: Springleaf Holdings, Inc.