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OneMain Holdings announces secondary stock offering by Fortress Investment Group affiliate.

M2 EQUITYBITES-December 15, 2017-OneMain Holdings announces secondary stock offering by Fortress Investment Group affiliate

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OneMain Holdings, Inc. (NYSE: OMF) has announced the commencement of a public offering of 7,500,000 shares of its common stock by Springleaf Financial Holdings, LLC, an entity owned primarily by a private equity fund managed by an affiliate of Fortress Investment Group LLC, the company said.

The shares being sold by the Selling Stockholder are beneficially owned by Fortress. The company will not receive any proceeds from the sale of the shares by the Selling Stockholder.

Morgan Stanley & Co. LLC is acting as the sole underwriter for the offering. The underwriter may offer the shares from time to time in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices relating to prevailing market prices or at negotiated prices.

OneMain Holdings, Inc. is a consumer finance company providing loan products to customers through its nationwide branch network and the Internet. The company has a 100-year track record of high quality origination, underwriting and servicing of personal loans, primarily to non-prime consumers.

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Publication:M2 EquityBites (EQB)
Date:Dec 15, 2017
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