OneMain Holdings’ $492 Million Common Stock Offering


Sidley Austin represented OneMain , while Cahill represented the underwriters in the offering.

OneMain Holdings, Inc. executed a secondary offering of 9,200,000 shares of common stock, which included the full exercise of the underwriters’ over-allotment option. Net proceeds of the offering were approximately $492 million, all of which the selling stockholders will receive.

Barclays Capital Inc., Citigroup Global Markets Inc., RBC Capital Markets, LLC, Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, BNP Paribas Securities Corp., Citizens Capital Markets, Inc., Mizuho Securities USA LLC, Natixis Securities Americas LLC, Regions Securities LLC, SG Americas Securities, LLC, Apollo Global Securities, LLC, Siebert Williams Shank & Co., LLC, and AmeriVet Securities, Inc. acted as underwriters for the offering.

OneMain is a consumer finance company engaged in providing personal loan products, credit and non-credit insurance, and service loans.

Cahill represented the underwriters with a team including Noah B. Newitz, Ted B. Lacey (Picture), Matthew Rosenthal, Adam R. Cohen, Xin Zhou (Richard) Pan, and Alexander Suh.

Involved fees earner: Adam Cohen – Cahill Gordon & ReindelTed Lacey – Cahill Gordon & ReindelNoah Newitz – Cahill Gordon & ReindelXin Zhou Pan – Cahill Gordon & ReindelMatthew Rosenthal – Cahill Gordon & ReindelAlexander Suh – Cahill Gordon & Reindel;

Law Firms: Cahill Gordon & Reindel;

Clients: AmeriVet SecuritiesApollo Global SecuritiesBarclays Capital BNP Paribas SecuritiesCitigroup Global Markets LtdCitizens Capital MarketsDeutsche Bank SecuritiesGoldman Sachs & Co.Mizuho SecuritiesMorgan StanleyNatixis Securities AmericasRBC Capital MarketsRegions Securities LLCSG Americas Securities LLCSiebert Williams Shank & Co. LLC;

By: Martina Bellini

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