OneMain issues $1.0B 6.750% senior notes due 2033 to refinance debt

OneMain Holdings, Inc., through its subsidiary OneMain Finance Corporation, entered into an underwriting agreement to issue and sell $1.0 billion aggregate principal amount of 6.750% Senior Notes due 2033 in an underwritten public offering.

Accepted by SEC EDGAR 12/05/2025 - 04:50 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

OneMain Holdings, Inc., through its subsidiary OneMain Finance Corporation, entered into an underwriting agreement to issue and sell $1.0 billion aggregate principal amount of 6.750% Senior Notes due 2033 in an underwritten public offering. OneMain Holdings will guarantee these notes. The transaction is being conducted under an effective registration statement and related prospectus supplement filed with the SEC and is expected to close on December 18, 2025, subject to customary closing conditions.

OMFC plans to use the net proceeds primarily to repay outstanding secured facilities, with any remaining amount designated for general corporate purposes. The underwriting agreement includes standard representations, warranties, covenants, and indemnification provisions among OMFC, OneMain Holdings, and the underwriters, led by Citigroup Global Markets Inc. and Truist Securities Inc.

Insights

Credit & Capital Structure Analyst

OneMain adds $1.0B in 6.750% 2033 notes to refinance secured debt.

OneMain Finance Corporation is issuing $1.0 billion of 6.750% Senior Notes due 2033, guaranteed by OneMain Holdings. This adds a long-dated fixed-rate layer to the company’s funding profile, which can help match the term of its lending activities with stable financing.

The stated intention is to use net proceeds to repay outstanding secured facilities, with any excess for general corporate purposes. Refinancing secured borrowings with senior unsecured notes may free up pledged collateral and slightly change the mix between secured and unsecured debt, while keeping overall leverage effects dependent on how much existing debt is retired.

The offering is expected to close on December 18, 2025, assuming customary conditions are met. Subsequent disclosures about the remaining secured balances and interest expense profile will clarify how this new issuance affects funding costs and balance sheet flexibility over time.

8-K Event Classification

2 items: 1.01, 9.01

2 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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): December 5, 2025 (December 4, 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))

☐ 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 December 4, 2025, OneMain Holdings, Inc. (“OMH,” “we,” “us” or “our”), as a guarantor, entered into an underwriting agreement (the “Underwriting Agreement”) with OneMain Finance Corporation, a direct subsidiary of OMH (“OMFC”), as the issuer, and Citigroup Global Markets Inc. and Truist Securities Inc., as representatives of the several underwriters named therein (the “Underwriters”), relating to the issuance and sale by OMFC of $1.0 billion aggregate principal amount of OMFC’s 6.750% Senior Notes due 2033 (the “Notes”) in an underwritten public offering made pursuant to a registration statement and related prospectus supplement filed with the Securities and Exchange Commission (the “SEC”). The offering is expected to close on December 18, 2025, subject to satisfaction of customary closing conditions.

The Underwriting Agreement includes customary representations, warranties and covenants by each of OMFC and OMH. It also provides for customary indemnification by each of OMFC, OMH and the Underwriters against certain liabilities and customary contribution provisions in respect of those liabilities.

The foregoing description of the Underwriting Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Underwriting Agreement, a copy of which is filed as Exhibit 1.1 to this Current Report on Form 8-K and is incorporated herein by reference.

OMFC intends to use the net proceeds from this offering to repay outstanding secured facilities, with any excess to be used for general corporate purposes.

Certain of the Underwriters and their affiliates have engaged in, and may in the future engage in, investment banking and other commercial dealings in the ordinary course of business with us, our subsidiaries or our affiliates, including OMFC. They have received, or may in the future receive, customary fees and commissions for these transactions. Some of the underwriters and their affiliates have entered into, and may in the future enter into, financing arrangements (including offerings of asset-backed notes) in which they act as initial purchaser or serve as lender to us, our subsidiaries or our affiliates, including OMFC.

Item 9.01.
Financial Statements and Exhibits.

(d) Exhibits

Exhibit Number		Description
*1.1		Underwriting Agreement, dated as of December 4, 2025, among OneMain Finance Corporation, OneMain Holdings, Inc., and Citigroup Global Markets Inc. and Truist Securities Inc., as representatives of the several underwriters named therein.
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: December 5, 2025