OneMain Financial (OMF) Prices 8M Share Secondary Offering at $53.50/Sh

OneMain Holdings, Inc. (NYSE: OMF) announced today the pricing of its previously-announced proposed secondary public offering of 8,000,000 shares of the Company’s common stock by certain entities managed by affiliates of Apollo Global Management, Inc. and Värde Partners, Inc. (together, the “selling stockholders”) at a price to the public of $53.50 per share. The 8,000,000 shares of common stock to be sold in this offering represents approximately 5.9% of the Company’s outstanding common stock as of April 19, 2021. The Company is not selling any shares and will not receive any proceeds from the proposed offering. The offering is expected to close on May 4, 2021, subject to satisfaction of customary closing conditions.

The underwriters will have a 30-day option to purchase up to an additional 1,200,000 shares of common stock from the selling stockholders. As part of this offering, the selling stockholders have agreed to a 75-day lock-up of their common stock.

Barclays, Citi and RBC Capital Markets are acting as joint book-running managers for the proposed offering. The underwriters may offer the shares from time to time to purchasers directly or through agents, or through brokers in brokerage transactions on the New York Stock Exchange, or to dealers in negotiated transactions or in a combination of such methods of sale, at a fixed price or prices, which may be changed, or at market prices prevailing at the time of sale, at prices related to such prevailing market prices or at negotiated prices.

The offering is being made only by means of a prospectus supplement and accompanying base prospectus.

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