- OneMain Holdings (NYSE:OMF) has priced its secondary public offering of 8M common shares offered by certain entities managed by affiliates of Apollo Global Management and Värde Partners (together, the “selling stockholders”) at $53.50/share.
- Underwriters' over-allotment is an additional 1.2M shares. As part of this offering, the selling stockholders have agreed to a 75-day lock-up of their common stock.
- The Company is not selling any shares and will not receive any proceeds from the proposed offering.
- Barclays, Citi and RBC Capital Markets are acting as joint book-running managers.
- Closing date is May 4.
- Previously (April 28): OneMain Holdings proposes secondary offering