EVANSVILLE, Ind.--(BUSINESS WIRE)--
OneMain Holdings, Inc. (NYSE: OMF) (“OMH” or the “Company”) announced
today the commencement of a public offering of 4,179,678 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”)
and AIG Capital Corporation, a subsidiary of American International
Group, Inc. (“AIG”). The shares being sold by the Selling Stockholder
are beneficially owned by an affiliate of AIG. The shares that are
beneficially owned by Fortress are not being offered for sale in this
offering. The Company will not receive any proceeds from the sale of the
shares by the Selling Stockholder.
Morgan Stanley 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, NY 10014.
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
Selling Stockholder’s intention to consummate the offering. 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, 2017
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/20180221006460/en/
OneMain Holdings, Inc.
Kathryn Miller, 475-619-8821
Kathryn.Miller@onemainfinancial.com
Source: OneMain Holdings, Inc.