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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 11/05/19 Springleaf Finance Corp FWP 1:44K Springleaf Finance Corp Broadridge Fin’l So… Inc |
Document/Exhibit Description Pages Size 1: FWP Free-Writing Prospectus HTML 19K
Issuer:
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Springleaf Finance Corporation
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Aggregate Principal Amount:
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$750,000,000
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Title of Securities:
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5.375% Senior Notes due 2029 (the “Notes”)
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Maturity Date:
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Offering Price:
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100.000%, plus accrued interest from November 7, 2019
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Coupon:
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5.375%
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Yield:
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5.375%
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Spread:
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351 basis points
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Benchmark Treasury:
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1.625% UST due August 15, 2029
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Gross Proceeds to Issuer:
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$750,000,000
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Net Proceeds to Issuer After Gross Spread:
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$740,625,000
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Gross Spread:
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1.250%
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Distribution:
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SEC Registered
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CUSIP and ISIN Numbers:
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CUSIP: 85172F AR0
ISIN: US85172FAR01
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Denominations:
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$2,000 and integral multiples of $1,000
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Interest Payment Dates:
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May 15 and November 15
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First Interest Payment Date:
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Record Dates:
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May 1 and November 1
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Optional Redemption:
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Except as set forth in the next two succeeding paragraphs, the Notes are not subject to redemption prior to the Stated Maturity, and there is no
sinking fund for the Notes.
At any time or from time to time prior to May 15, 2029 (six months prior to the Stated Maturity of the Notes), the Issuer may redeem, at its option,
all or part of the Notes upon not less than 30 nor more than 60 days’ prior notice (with a copy to the Trustee) at a redemption price equal to the sum of (i) 100% of the principal amount thereof, plus (ii) the Applicable Premium as of the
date of redemption, plus (iii) accrued and unpaid interest on the Notes, if any, to, but excluding, the date of redemption (subject to the right of holders of record on the relevant record date to receive interest due on the relevant interest
payment date).
In addition, at any time on or after May 15, 2029 (six months prior to the Stated Maturity of the Notes), the Issuer may redeem, at its option, all or
part of the Notes upon not less than 30 nor more than 60 days’ prior notice (with a copy to the Trustee) at a redemption price equal to the sum of (i) 100% of the principal amount thereof, plus (ii) accrued and unpaid interest on the Notes,
if any, to, but excluding, the date of redemption (subject to the right of holders of record on the relevant record date to receive interest due on the relevant interest payment date).
“Applicable Premium” means, with respect to any Note on any date of redemption, the excess, if any, as determined by the Issuer, of (a) the sum of the present values of the remaining scheduled
payments of principal and interest on the Note (excluding accrued but unpaid interest to the date of redemption) through May 15, 2029 (six months prior to the Stated Maturity of the Notes), discounted to the date of redemption on a
semi-annual basis using a discount rate equal to the Treasury Rate as of such date of redemption plus 50 basis points; over (b) the principal amount of the Note.
“Treasury Rate” means, as of any redemption
date, the yield to maturity as of such redemption date of United States Treasury securities with a constant maturity (as compiled and published in the most recent Federal Reserve Statistical Release H.15 (519) that has become publicly
available at least two business days prior to the redemption date (or, if such Statistical Release is no longer published, any publicly available source of similar market data)) most nearly equal to the period from the redemption date to May
15, 2029 (six months prior to the Stated Maturity of the Notes); provided, however, that if the period from the redemption date to May 15, 2029 (six months prior to the Stated Maturity of the Notes) is less than one year, the weekly average
yield on actively traded United States Treasury securities adjusted to a constant maturity of one year will be used.
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Joint Book-Running Managers:
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RBC Capital Markets, LLC
Goldman Sachs & Co. LLC
SG Americas Securities, LLC
Mizuho Securities USA LLC
Citigroup Global Markets Inc.
Morgan Stanley & Co. LLC
Barclays Capital Inc.
BNP Paribas Securities Corp.
Citizens Capital Markets, Inc.
Deutsche Bank Securities Inc.
NatWest Markets Securities Inc.
Regions Securities LLC
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Co-Managers:
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Natixis Securities Americas LLC
R. Seelaus & Co., LLC
Samuel A. Ramirez & Company, Inc.
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Trade Date:
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Settlement Date:
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November 7, 2019 (T+2).
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Ratings1:
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Ba3 (Moody’s) / BB- (S&P) / BB+ (Kroll)
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Offering Size and Use of Proceeds:
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The total offering size has been increased from $500 million to $750 million, which represents an increase of $250 million from the amount reflected
in the Preliminary Prospectus Supplement. The Issuer intends to use the net proceeds from this offering for general corporate purposes, which may include debt repurchases and repayments.
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This ‘FWP’ Filing | Date | Other Filings | ||
---|---|---|---|---|
11/15/29 | ||||
8/15/29 | ||||
5/15/29 | ||||
5/15/20 | ||||
11/7/19 | ||||
Filed on: | 11/5/19 | 424B3 | ||
List all Filings |