NYSE:OMFConsumer Finance
Big Unsecured Debt Sale And Insider Moves Might Change The Case For Investing In OneMain (OMF)
Earlier this month, OneMain Finance issued US$1.00 billion of 6.750% senior unsecured notes due 2033, guaranteed by OneMain Holdings, to extend and diversify its funding base under standard covenants and redemption terms.
At the same time, analysts have turned more cautious with Hold ratings and an uptick in insider share sales, highlighting growing attention on OneMain’s funding costs and governance signals.
We’ll now explore how this large unsecured debt issuance and cautious analyst...