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OneMain Holdings, Inc. (NYSE: OMF) is a leading financial services company specializing in nonprime consumer finance. With roots dating back to 1912, OneMain has been helping individuals achieve their financial goals for over a century. The company provides personalized loan solutions through its extensive network of branches across 44 states and online platforms, offering fixed rates, fixed payments, and clear terms. OneMain's core business includes personal loans, credit and noncredit insurance products, loan servicing, and strategic acquisitions.
OneMain's business model is designed to support nonprime consumers by providing responsible access to credit. The company prides itself on its disciplined growth strategies and resilient business model, which deliver strong returns across economic cycles. OneMain's approach involves leveraging digital capabilities, expanding product offerings, and enhancing customer experiences both online and in its 1,400 physical locations.
The company's recent achievements highlight its commitment to growth and customer service. In December 2023, OneMain hosted its Investor Day where senior executives discussed the company's strength, strategic expansions, and market opportunities. This includes significant advancements in digital services and new product channels. Moreover, OneMain reported substantial financial results for the fourth quarter of 2023, with a pretax income of $220 million and a net income of $165 million.
OneMain's financial condition remains robust, supported by strong capital generation and liquidity resources. As of March 31, 2024, the company had $831 million in cash and cash equivalents, with significant undrawn capacity under its credit facilities. The company's commitment to shareholder value is reflected in its regular dividend payments and stock repurchase programs.
Key personnel changes have strengthened OneMain's leadership team. Jenny Osterhout has been appointed as CFO, and Micah Conrad as COO, effective March 31, 2024. Their extensive experience and strategic vision are expected to drive further growth and operational efficiency.
Through strategic acquisitions, OneMain continues to diversify its offerings. The recent acquisition of Foursight Capital LLC, an automobile finance company, marks OneMain's entry into the auto lending market, expanding its product portfolio and strengthening its market position.
For more information about OneMain Holdings, Inc., please visit their official website at www.OneMainFinancial.com.
OneMain Holdings, Inc. (NYSE: OMF), the largest near-prime installment lender in the U.S., will release its third quarter 2021 results on October 20, 2021. A conference call to discuss the results and future outlook is scheduled for October 21, 2021, at 8:30 a.m. Eastern. Investors can access the earnings release and call through the company's investor relations website.
OneMain operates approximately 1,400 locations across 44 states, focusing on enhancing the financial well-being of hardworking Americans.
OneMain Holdings, Inc. (NYSE: OMF), the largest near-prime installment lender in the U.S., announced that Doug Shulman, Chairman and CEO, and Micah Conrad, CFO, will present at the Barclays Global Financial Services Conference on September 14 at 9:00 a.m. Eastern time. This event offers an opportunity for the public to hear from company leaders regarding OneMain's mission to enhance the financial well-being of hardworking Americans.
A live audio webcast will be accessible through the Investor Relations section of OneMain’s website.
OneMain Financial has launched a Borrower's Assistance program for customers in Louisiana and Mississippi affected by Hurricane Ida, effective September 1 until September 30. The program allows eligible customers to defer loan payments without incurring additional costs. OneMain will also donate $50,000 to Feeding America's Hurricane Ida Fund to support local relief efforts. The company operates 27 branches in Louisiana and 26 in Mississippi, servicing approximately 44,000 and 39,000 customer accounts, respectively, with outstanding receivables of $362.8 million and $301.2 million.
OneMain Financial has launched Money LaunchPad, a personal financial education program for high school students in California, Texas, Ohio, North Carolina, and Pennsylvania. Developed in collaboration with EVERFI, the program covers essential topics like budgeting, credit management, and financial literacy. CEO Doug Shulman emphasizes the company's commitment to improving financial well-being. The initiative includes employee volunteer opportunities and offers real-time performance tracking for teachers. As states increase financial literacy requirements, this program aims to equip students with necessary financial skills.
OneMain Holdings, Inc. (NYSE: OMF) has priced its underwritten public offering of 7.0 million shares, up from 6.0 million, managed by Apollo Global Management. This offering, representing 5.3% of the company’s outstanding stock, will close on August 16, 2021. OneMain will not sell any shares or receive proceeds from the offering. Barclays acts as the sole underwriter, with a 30-day option for an additional 1.05 million shares. Investors can find full details in the filed prospectus with the SEC.
OneMain Holdings, Inc. (NYSE: OMF) has initiated a proposed secondary public offering of 6,000,000 shares, representing approximately 4.5% of its outstanding common stock. Managed by Apollo Global Management, the company will not sell any shares or receive proceeds from the offering. Barclays serves as the sole underwriter and has a 30-day option for an additional 900,000 shares. Investors are encouraged to access the prospectus supplement for detailed information regarding the offering, which is subject to market conditions. The offering does not represent a solicitation of an offer to buy securities.
OneMain Holdings, Inc. (NYSE: OMF) has priced $600 million of its 3.875% senior notes due 2028, increasing the offering from $500 million. These notes, guaranteed by OneMain, aim to close on August 11, 2021, pending standard conditions. Proceeds will be used for general corporate purposes, including potential debt repayment. The offering is registered with the SEC, and interested investors are advised to review the prospectus for detailed information. The offering remains subject to market conditions and other unforeseen factors.
OneMain Holdings, Inc. (NYSE: OMF) announced a proposed offering of $500 million in senior notes due 2028 by its subsidiary, OneMain Finance Corporation (OMFC). The notes will be secured by a guarantee from OneMain Holdings. Proceeds are intended for general corporate purposes, including debt management. The offering is subject to market conditions and may not be finalized. Investors are encouraged to review the associated prospectus for comprehensive details. This press release does not constitute an offer to sell securities in any jurisdiction.
OneMain Holdings, Inc. (NYSE: OMF) has priced its public offering of 9.5 million shares of common stock, increased from 8 million, representing about 7% of its outstanding stock. The offering, managed by Apollo Global Management, will close on August 3, 2021, pending conditions. OneMain will also buy back 1.7 million shares concurrently, funded through existing cash. Barclays is acting as the sole underwriter, with a 30-day option to sell an additional 1.425 million shares. Important investment documents are filed with the SEC and accessible through their website.
OneMain Holdings, Inc. (NYSE: OMF) has announced a secondary public offering of 8,000,000 shares, accounting for approximately 6% of its outstanding common stock. The offering is managed by affiliates of Apollo Global Management, with OneMain not selling any shares or receiving proceeds. Concurrently, the company plans to buy back 1,600,000 shares from the offering using available cash. Barclays acts as the sole underwriter, with an option to purchase an additional 1,200,000 shares. No regulatory approvals are indicated for the securities offered.
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