Springleaf Finance Corporation’s $300 Million Add-on Notes Offering


Cahill represented the underwriters in connection with a public offering of $300,000,000 aggregate principal amount of 6.125% senior notes due 2024 by Springleaf Finance Corporation.

OneMain Holdings, Inc. (NYSE: OMF) indirect, wholly-owned subsidiary Springleaf Finance Corporation priced $300 million aggregate principal amount of its 6.125% Senior Notes due March 15, 2024 (the “Additional Notes”) at 107.00% of the aggregate principal amount reflecting a yield to maturity of 4.456% in connection with its previously announced registered add-on notes offering.

Proceeds of the offering were used for general corporate purposes.

Goldman Sachs & Co. LLC, Natixis, Barclays, BNP PARIBAS, Citigroup, Citizens Capital Markets, Credit Suisse, Deutsche Bank Securities, Morgan Stanley, NatWest Markets, RBC Capital Markets and SOCIETE GENERALE acted as Joint Book-Running Managers on the offering.

Cahill represented the underwriters with a team including Ted B. Lacey (Picture), Noah B. Newitz, Adam R. Cohen, Mohammad A. Islam and Matthew Rosenthal.

Involved fees earner: Adam Cohen – Cahill Gordon & Reindel; Mohammad Islam – Cahill Gordon & Reindel; Ted Lacey – Cahill Gordon & Reindel; Noah Newitz – Cahill Gordon & Reindel; Matthew Rosenthal – Cahill Gordon & Reindel;

Law Firms: Cahill Gordon & Reindel;

Clients: Barclays Bank; Citizens Capital Markets; Credit Suisse; Deutsche Bank Securities; Goldman Sachs & Co.; Morgan Stanley; Natixis; NatWest Markets; RBC Capital Markets; Société Générale;

Author: Ambrogio Visconti