Shearman & Sterling represented OneMain Financial Holdings, Inc. in connection with its Rule 144A/Reg. S offering of US$1,500,000,000 aggregate principal amount of 6.75% Senior Notes due 2019 and 7.25% Senior Notes due 2021. The proceeds from the Senior Notes offering will be used to repay intercompany borrowings from Citigroup Global Markets Inc., the majority shareholder of OneMain Financial Holdings, Inc.

OneMain Financial Holdings, Inc., together with its subsidiaries, is a consumer finance company with a nationwide presence and a leading market position in its primary business segment: consumer lending. As of September 30, 2014, OneMain Financial had 1,141 branches servicing 1.3 million customer accounts across 43 states.

The Shearman & Sterling team below included partner Robert Treuhold; and associates Brian Bishop, Elise Corey, Mary Jo Lang, Will Forster and John Slater.

The Team