[8-K] OneMain Holdings, Inc. Reports Material Event

Rhea-AI Filing Summary

OneMain Holdings, Inc. filed a Current Report on Form 8-K reporting a Twenty-Third Supplemental Indenture dated September 17, 2025 among OneMain Finance Corporation, OneMain Holdings, Inc. and Wilmington Trust, National Association, as trustee. The filing incorporates the form of 6.500% Senior Notes due 20 33 as Exhibit A to the supplemental indenture. The submission also includes legal opinions from Jeffrey M. Gershon and Skadden, Arps, Slate, Meagher & Flom LLP, and their consents are included. The filing references an earlier Indenture dated December 3, 2014 filed as Exhibit 4.1 and lists exhibits related to the supplemental indenture, opinions, and consents.

Positive

• Documentation completeness: The filing includes the Twenty-Third Supplemental Indenture and the form of the 6.500% Senior Notes due 20 33 as Exhibit A
• Legal clearance provided: Opinions from Jeffrey M. Gershon and Skadden, Arps, Slate, Meagher & Flom LLP are included with consents

Negative

• None.

Insights

Debt Capital Markets Analyst

TL;DR This 8-K documents a supplemental indenture that includes the form of new senior notes and counsel opinions, indicating a securities documentation update.

The filing presents the Twenty-Third Supplemental Indenture dated September 17, 2025 and expressly includes the form of 6.500% Senior Notes due 20 33 as Exhibit A. It also incorporates the original Indenture dated December 3, 2014 by reference and furnishes legal opinions and consents from both an in-house counsel and external counsel, which are customary for debt offerings and documentation amendments. The material is procedural and focused on contract documentation rather than operational performance.

Corporate Governance / Securities Counsel

TL;DR The filing supplies required documentation and counsel consents for a supplemental indenture and the form of specified senior notes.

The exhibits include the supplemental indenture and legal opinions, plus consents, which are typical for registering or amending indenture terms. The referenced prior Indenture (Dec 3, 2014) is incorporated by reference, ensuring continuity of the governing documentation. The filing does not disclose transaction proceeds, pricing details, definitive issuance, or trustee actions beyond the supplemental indenture and included exhibits.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

 SECURITIES EXCHANGE ACT OF 1934

DATE OF REPORT (Date of earliest event reported): September 17, 2025 (September 17, 2025)

ONEMAIN HOLDINGS, INC.

(Exact name of registrant as specified in its charter)

Delaware	001-36129	27-3379612
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

601 N.W. Second Street, Evansville, IN 47708

(Address of principal executive offices) (Zip Code)

(812) 424-8031

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol		Name of each exchange on which registered
Common Stock, par value $0.01 per share		OMF		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01. Entry into a Material Definitive Agreement.

On September 17, 2025, OneMain Finance Corporation (“OMFC”), a direct subsidiary of OneMain Holdings, Inc. (“OMH,” “we,” “us” or “our”) issued $800.0 million aggregate principal amount of OMFC’s 6.500% Senior Notes due 2033 (the “Notes”) under an Indenture, dated as of December 3, 2014 (the “Base Indenture”), among OMFC, as issuer, OMH, as guarantor, and Wilmington Trust, National Association, as trustee (the “Trustee”), as amended and supplemented by a Twenty-Third Supplemental Indenture, dated as of September 17, 2025 (the “Supplemental Indenture” and, together with the Base Indenture, the “Indenture”), among OMFC, OMH and the Trustee, pursuant to which OMH provided a guarantee of the Notes. The Notes were offered and sold in an underwritten public offering made pursuant to a Prospectus Supplement, dated September 3, 2025, to the Prospectus, dated October 13, 2023, filed as part of OMFC’s and OMH’s joint Registration Statement on Form S‑3 (Registration No. 333-274956) filed with the Securities and Exchange Commission (the “SEC”). The Notes are guaranteed on an unsecured basis by OMH.

The Notes will mature on March 15, 2033 and bear interest at a rate of 6.500% per annum, payable semiannually in arrears on March 15 and September 15 of each year, beginning on March 15, 2026. The Notes are OMFC’s senior unsecured obligations and rank equally in right of payment to all of its other existing and future unsubordinated indebtedness from time to time outstanding. The Notes are guaranteed by OMH and will not be guaranteed by any of OMFC’s subsidiaries, including OneMain Financial Holdings, LLC, or any other party. The Notes are effectively subordinated to all of OMFC’s secured obligations to the extent of the value of the assets securing such obligations, structurally subordinated to all existing and future liabilities of our subsidiaries (other than OMFC), and rank senior in right of payment to all existing and future subordinated indebtedness of OMFC.

The Notes may be redeemed, in whole or in part, at OMFC’s option, at any time or from time to time (i) prior to September 15, 2028, at a “make-whole” redemption price specified in the Indenture, and (ii) on and after September 15, 2028, at the applicable redemption price set forth below (expressed as a percentage of the principal amount of the Notes to be redeemed), if redeemed during the 12-month period beginning on September 15 of each of the years indicated below, in each case plus accrued and unpaid interest on such principal amount to, but not including, the applicable redemption date.

Year		Percentage
2028		103.250%
2029		101.625%
2030 and thereafter		100.000%

The Indenture contains covenants that, among other things, limit OMFC’s ability to create liens on assets and restrict OMFC’s ability to consolidate, merge or sell its assets. The Indenture also provides for customary events of default (subject in certain cases to customary grace and cure periods), which include nonpayment, breach of covenants in the Indenture and certain events of bankruptcy and insolvency. Generally, if an event of default occurs, the Trustee or holders of at least 30% in aggregate principal amount of the then outstanding Notes may declare the principal amount of all the Notes to be due and payable immediately. The Notes will not have the benefit of any sinking fund.

The foregoing description of the Indenture and the Notes does not purport to be complete and is qualified in its entirety by reference to the full text of the Base Indenture and Supplemental Indenture (and form of 6.500% Senior Notes due 2033 included therein as Exhibit A), copies of which are filed as Exhibits 4.1 and 4.2, respectively, to this Current Report on Form 8-K and are incorporated herein by reference. In connection with the issuance of the Notes, Jeffrey M. Gershon, Associate General Counsel of OMFC, and Skadden, Arps, Slate, Meagher & Flom LLP provided OMFC with the legal opinions filed as Exhibits 5.1 and 5.2, respectively, to this Current Report on Form 8-K, which are incorporated herein by reference.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The disclosure provided in Item 1.01 of this Current Report on Form 8‑K is hereby incorporated by reference into this Item 2.03.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit Number		Description
4.1		Indenture relating to the Notes, dated as of December 3, 2014, among OneMain Finance Corporation, OneMain Holdings, Inc. and Wilmington Trust, National Association, as trustee, as filed with the SEC on December 3, 2014 as Exhibit 4.1 to OMH’s Current Report on Form 8-K (File No. 001-36129), and incorporated herein by reference.
*4.2		Twenty-Third Supplemental Indenture relating to the Notes, dated as of September 17, 2025, among OneMain Finance Corporation, OneMain Holdings, Inc. and Wilmington Trust, National Association, as trustee (including the form of 6.500% Senior Notes due 2033 included therein as Exhibit A).
*5.1		Opinion of Jeffrey M. Gershon.
*5.2		Opinion of Skadden, Arps, Slate, Meagher & Flom LLP.
*23.1		Consent of Jeffrey M. Gershon (included as part of Exhibit 5.1 hereto).
*23.2		Consent of Skadden, Arps, Slate, Meagher & Flom LLP (included as part of Exhibit 5.2 hereto).
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

* Filed herewith.

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

ONEMAIN HOLDINGS, INC.
By:	/s/ Jeannette E. Osterhout
Name:	Jeannette E. Osterhout
Title:	Executive Vice President and Chief Financial Officer
Date: September 17, 2025

FAQ

What did OneMain Holdings (OMF) file in this Form 8-K?

The company filed a Twenty-Third Supplemental Indenture dated September 17, 2025 and included the form of 6.500% Senior Notes due 20 33 as Exhibit A, plus legal opinions and consents.

Does the 8-K disclose the amount or pricing of the senior notes?

No. The filing includes the form of the notes and the supplemental indenture but does not disclose any definitive issuance amount, pricing, or proceeds.

Which legal opinions are included in the filing?

An opinion of Jeffrey M. Gershon and an opinion of Skadden, Arps, Slate, Meagher & Flom LLP are included, with corresponding consents.

Is the original indenture included or referenced?

Yes. The Indenture dated December 3, 2014 is incorporated by reference as Exhibit 4.1 to the filing.

Does the filing state any operational or earnings information?

No. The 8-K is limited to indenture documentation, the form of the notes, and legal opinions; it contains no earnings or operational data.