Onemain Hldgs Inc Stock Price, News & Analysis

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.

OneMain Holdings (NYSE: OMF) has closed a $750 million Social Bond issuance through its subsidiary, OneMain Finance Corporation. The proceeds aim to support credit-disadvantaged communities, with at least 75% allocated to women or minority borrowers. This milestone aligns with OneMain's commitment to financial inclusion and empowering underserved groups. The bond, rated Ba3/BB-/BB+, has a 3.500% coupon and matures on January 15, 2027. The issuance reflects OneMain's dedication to corporate social responsibility and responsible lending practices.

OneMain Holdings (NYSE: OMF) announced that CFO Micah Conrad and CSO Jenny Osterhout will present at the Jefferies Virtual Consumer Conference on June 23 at 9:10 a.m. Eastern. The event will be accessible to the public via a live audio webcast on the Investor Relations section of their website. A replay of the conference will be available until September 21, 2021. With over 100 years of experience, OneMain Financial operates approximately 1,400 locations across 44 states, focusing on providing responsible personal loans.

OneMain Holdings (NYSE: OMF) announced that its subsidiary, OneMain Finance Corporation, has priced a $750 million offering of 3.500% senior notes due 2027, increasing the offering size from $500 million. The offering is expected to close on June 22, 2021, pending customary conditions. The net proceeds will help finance loans that meet the OneMain Social Bond Framework criteria, aiming to support access to financial services for underserved communities. The offering is registered with the SEC and is detailed in accompanying prospectus documents.