Onemain Hldgs Inc Stock Price, News & Analysis

OneMain Financial has launched Money LaunchPad, a personal financial education program for high school students in California, Texas, Ohio, North Carolina, and Pennsylvania. Developed in collaboration with EVERFI, the program covers essential topics like budgeting, credit management, and financial literacy. CEO Doug Shulman emphasizes the company's commitment to improving financial well-being. The initiative includes employee volunteer opportunities and offers real-time performance tracking for teachers. As states increase financial literacy requirements, this program aims to equip students with necessary financial skills.

OneMain Holdings, Inc. (NYSE: OMF) has priced its underwritten public offering of 7.0 million shares, up from 6.0 million, managed by Apollo Global Management. This offering, representing 5.3% of the company’s outstanding stock, will close on August 16, 2021. OneMain will not sell any shares or receive proceeds from the offering. Barclays acts as the sole underwriter, with a 30-day option for an additional 1.05 million shares. Investors can find full details in the filed prospectus with the SEC.

OneMain Holdings, Inc. (NYSE: OMF) has initiated a proposed secondary public offering of 6,000,000 shares, representing approximately 4.5% of its outstanding common stock. Managed by Apollo Global Management, the company will not sell any shares or receive proceeds from the offering. Barclays serves as the sole underwriter and has a 30-day option for an additional 900,000 shares. Investors are encouraged to access the prospectus supplement for detailed information regarding the offering, which is subject to market conditions. The offering does not represent a solicitation of an offer to buy securities.

OneMain Holdings, Inc. (NYSE: OMF) has priced $600 million of its 3.875% senior notes due 2028, increasing the offering from $500 million. These notes, guaranteed by OneMain, aim to close on August 11, 2021, pending standard conditions. Proceeds will be used for general corporate purposes, including potential debt repayment. The offering is registered with the SEC, and interested investors are advised to review the prospectus for detailed information. The offering remains subject to market conditions and other unforeseen factors.

OneMain Holdings, Inc. (NYSE: OMF) announced a proposed offering of $500 million in senior notes due 2028 by its subsidiary, OneMain Finance Corporation (OMFC). The notes will be secured by a guarantee from OneMain Holdings. Proceeds are intended for general corporate purposes, including debt management. The offering is subject to market conditions and may not be finalized. Investors are encouraged to review the associated prospectus for comprehensive details. This press release does not constitute an offer to sell securities in any jurisdiction.

OneMain Holdings, Inc. (NYSE: OMF) has priced its public offering of 9.5 million shares of common stock, increased from 8 million, representing about 7% of its outstanding stock. The offering, managed by Apollo Global Management, will close on August 3, 2021, pending conditions. OneMain will also buy back 1.7 million shares concurrently, funded through existing cash. Barclays is acting as the sole underwriter, with a 30-day option to sell an additional 1.425 million shares. Important investment documents are filed with the SEC and accessible through their website.

OneMain Holdings, Inc. (NYSE: OMF) has announced a secondary public offering of 8,000,000 shares, accounting for approximately 6% of its outstanding common stock. The offering is managed by affiliates of Apollo Global Management, with OneMain not selling any shares or receiving proceeds. Concurrently, the company plans to buy back 1,600,000 shares from the offering using available cash. Barclays acts as the sole underwriter, with an option to purchase an additional 1,200,000 shares. No regulatory approvals are indicated for the securities offered.

OneMain Holdings reported substantial financial growth in Q2 2021, with a pretax income of $463 million and net income of $350 million, significantly up from $118 million and $89 million, respectively, a year earlier. Earnings per diluted share soared to $2.60, compared to $0.66 previously. The company declared a $4.20 dividend per share, payable on August 13, 2021. Originations rose 87% to $3.8 billion, and adjusted net income from the Consumer and Insurance segment hit $358 million. Despite this, the 30-89 day delinquency ratio rose to 1.76%. Overall, OneMain continues its focus on growth and customer financial well-being.

OneMain Holdings, Inc. (NYSE: OMF) is set to release its second quarter 2021 earnings after market close on July 21, 2021. A conference call discussing the results and outlook will take place on July 22 at 9:00 a.m. Eastern. Stakeholders can access the earnings report on the company's investor relations website. OneMain has been providing transparent personal loans for over 100 years, operating around 1,400 locations across 44 states.