OneMain’s $1 Billion Private Placement

Shearman & Sterling advised the initial purchasers in the offering.

OneMain Financial Issuance Trust executed its private placement of $1 billion aggregate principal amount of asset-backed notes.

Citigroup Global Markets, Mizuho Securities USA and SG Americas acted as the representatives of the initial purchasers for the offering.

The Shearman & Sterling team included Bjorn Bjerke (Picture), Kristen Garry, Thomas Donegan, Kristina L. Trauger, Corey A. Reis, Xueqing (Ashley) Shan, Mark A. Dunham, Joshua Savey, Wilf Odgers, Kristina Killick, and also included legal assistant Catherine Tran.

Involved fees earner: Bjorn Bjerke – Shearman & Sterling; Thomas Donegan – Shearman & Sterling; Mark Dunham Jr. – Shearman & Sterling; Kristen Garry – Shearman & Sterling; Kristina Killick – Shearman & Sterling; Wilf Odgers – Shearman & Sterling; Corey Reis – Shearman & Sterling; Joshua Savey – Shearman & Sterling; Ashley Shan – Shearman & Sterling; Kristina Trauger – Shearman & Sterling;

Law Firms: Shearman & Sterling;

Clients: Citigroup Global Markets Ltd; Mizuho Securities; SG Americas Securities LLC;

Author: Ambrogio Visconti