EVANSVILLE, Ind.--(BUSINESS WIRE)--
OneMain Holdings, Inc. (NYSE:OMF) (“OMH” or the “Company”) announced
today the pricing of a public offering of 7,500,000 shares of its common
stock by 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 (“Fortress”). The shares
being sold by the Selling Stockholder are beneficially owned by
Fortress. The Company will not receive any proceeds from the sale of the
shares by the Selling Stockholder. The offering is expected to close on
December 18, 2017, subject to customary closing conditions.
Morgan Stanley & Co. LLC is acting as the sole underwriter for the
offering. The underwriter may offer the shares from time to time in one
or more transactions on the New York Stock Exchange, in the
over-the-counter market, through negotiated transactions or otherwise at
market prices prevailing at the time of sale, at prices relating to
prevailing market prices or at negotiated prices.
The Company has filed a registration statement (including a prospectus)
with the Securities and Exchange Commission (“SEC”) for the offering to
which this communication relates. Before you invest, you should read the
prospectus in that registration statement and other documents the
Company has filed or will file with the SEC for more complete
information about the Company and this offering. You may obtain these
documents for free by visiting EDGAR on the SEC’s website at www.sec.gov.
Alternatively, the Company, the underwriter or any dealer participating
in the offering will arrange to send you the prospectus if you request
it by contacting Morgan Stanley & Co. LLC, Attention: Prospectus
Department, 180 Varick Street, 2nd Floor, New York, New York
10014, or by email at prospectus@morganstanley.com.
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 OneMain Holdings, Inc.
OneMain Holdings, Inc. is a leading consumer finance company providing
loan products to customers through its nationwide branch network and the
internet. The Company has a 100-year track record of high quality
origination, underwriting and servicing of personal loans, primarily to
non-prime consumers.
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. 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, in OMH's Annual Report on Form 10-K
for the fiscal year ended December 31, 2016, OMH’s subsequent Quarterly
Reports on Form 10-Q and OMH’s other filings with the SEC. OMH 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171214005478/en/
OneMain Holdings, Inc.
Kathryn Miller, 475-619-8821
Kathryn.Miller@onemainfinancial.com
Source: OneMain Holdings, Inc.