OneMain Holdings, Inc.Announces $ 750 Million Aggregate Principal Amount Price of Senior Bonds Due 2027


EVANSVILLE, Ind .– (COMMERCIAL THREAD) – OneMain Holdings, Inc. (NYSE: OMF) (“OMH”) today announced that its direct wholly owned subsidiary OneMain Finance Corporation (“OMFC”) has set the total principal amount at $ 750 million its 3.500% senior bonds maturing in 2027 (the “2027 Notes”) under its previously announced registered note offering. The size of the ticket offering has been increased from $ 500 million to $ 750 million.

The 2027 Notes will be guaranteed without guarantee by OMH (the “Guarantee”). The offer is expected to close on June 22, 2021, subject to the satisfaction of customary closing conditions.

OMFC intends to allocate an amount equivalent to the net proceeds of the offering to finance or refinance, in part or in whole, a portfolio of new or existing loans that meet the eligibility criteria of the OneMain Social Bond Framework. to advance its objective of providing access to responsible financial products and services for vulnerable and / or historically underserved populations.

The 2027 Notes are being offered only by way of a prospectus supplement and the accompanying base prospectus. OMH and OMFC have filed a registration statement (including a base prospectus) and a preliminary prospectus supplement with the United States Securities and Exchange Commission (“SEC”) for the offer to which relates to this communication and will file a final prospectus supplement relating to the offering. Prospective investors should read the Prospectus Supplement and Base Prospectus in this registration statement and other documents that the OMH and OMFC have filed or will file with the SEC for more complete information about the OMH. and OMFC and the offer. You can obtain these documents free of charge by visiting EDGAR on the SEC’s website at Alternatively, copies of the final prospectus supplement and the accompanying base prospectus for the offering, when available, can be obtained by contacting: BNP Paribas Securities Corp., 787 Seventh Avenue, New York, NY 10019 , Attention: Syndicate Desk, Tel: (800) 854-5674 or by sending an email to [email protected], Citigroup Global Markets Inc., 1155 Long Island Avenue, Edgewood, NY 11717, Attention: Broadridge Financial Solutions, Tel. : (800) 831-9146 or by sending an email to [email protected], or Mizuho Securities USA LLC, 1271 Avenue of the Americas, New York, NY 10020, Attention: Debt Capital Markets, Tel. : (866) 271-7403.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, and there will be no sale of securities in any jurisdiction in which such an offer, solicitation or sale would be illegal prior to registration. or the qualification under securities laws of such jurisdiction. The securities offered have not been approved or disapproved by any regulatory authority, and neither regulatory authority has passed judgment on the accuracy or sufficiency of the prospectus supplement or the shelf registration statement or the prospectus.

About OneMain Holdings, Inc.

OneMain Financial (NYSE: OMF) has been providing responsible and transparent lending for over 100 years. With approximately 1,400 locations in 44 states, the company is committed to helping people with their personal loan needs. OneMain and the members of its team are dedicated to the communities where they live and work.

Caution Regarding Forward-Looking Statements

Certain statements contained in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, the intention of OMH and OMFC to carry out the offer and issue the notes and the guarantee, the closing date and the use foreseen by the OMFC of the net proceeds of the offering. Completion of the offer is subject to market conditions and other factors beyond our control. Accordingly, no assurance can be given that the offer will be made on the terms contemplated or at all and you should not place undue reliance on any forward-looking statements contained in this press release. For a discussion of some of the important risks and factors that could affect these forward-looking statements, see the sections entitled “Risk Factors” in the prospectus supplement relating to the offering, in the combined annual report of OMH and the OMFC on Form 10-K for the fiscal year ended December 31, 2020, in the subsequent combined quarterly report of OMH and OMFC on Form 10-Q for the quarter ended March 31, 2021 and in other documents filed by OMH and OMFC to the SEC. Neither the OMH nor the OMFC undertake to publicly disclose any revisions to forward-looking statements they have made to reflect events or circumstances occurring after the date hereof or the occurrence of unforeseen events.

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