OneMain Financial

OneMain Holdings, Inc. to Acquire Foursight Capital LLC

Retrieved on: 
Tuesday, November 21, 2023

NEW YORK, Nov. 21, 2023 /PRNewswire/ -- OneMain Holdings, Inc. (NYSE: OMF) ("OneMain"), the leader in offering nonprime customers responsible access to credit, and Jefferies Financial Group Inc. (NYSE: JEF) ("Jefferies") today announced they have reached a definitive agreement under which OneMain will acquire Foursight Capital LLC ("Foursight") from Jefferies for $115 million in cash.

Key Points: 
  • NEW YORK, Nov. 21, 2023 /PRNewswire/ -- OneMain Holdings, Inc. (NYSE: OMF) ("OneMain"), the leader in offering nonprime customers responsible access to credit, and Jefferies Financial Group Inc. (NYSE: JEF) ("Jefferies") today announced they have reached a definitive agreement under which OneMain will acquire Foursight Capital LLC ("Foursight") from Jefferies for $115 million in cash.
  • As part of the transaction, OneMain will acquire Foursight's approximately $900 million loan portfolio.
  • Jefferies LLC is serving as exclusive financial advisor and Morgan Lewis & Bockius LLP is serving as legal counsel to Jefferies.
  • Barclays Capital, Inc. is serving as exclusive financial advisor and Covington & Burling LLP is serving as legal counsel to OneMain.

CNO Financial Group Names Karen DeToro President, Worksite Division and Jeremy Williams Chief Actuary

Retrieved on: 
Thursday, October 26, 2023

CARMEL, Ind., Oct. 26, 2023 /PRNewswire/ -- CNO Financial Group, Inc. (NYSE: CNO) today named Karen DeToro as president, Worksite Division and Jeremy Williams as chief actuary, effective January 1, 2024.

Key Points: 
  • CARMEL, Ind., Oct. 26, 2023 /PRNewswire/ -- CNO Financial Group, Inc. (NYSE: CNO) today named Karen DeToro as president, Worksite Division and Jeremy Williams as chief actuary, effective January 1, 2024.
  • DeToro and Williams will report to Gary C. Bhojwani, chief executive officer.
  • DeToro, currently CNO's chief actuary, is a seasoned insurance and financial services industry leader with nearly 30 years of experience in strategy, individual and group insurance product management, technology enablement, actuarial and finance.
  • "In the past several years, CNO expanded our Worksite offerings as a comprehensive provider of personalized employee benefits solutions," said Bhojwani.

OneMain Holdings, Inc. Reports Third Quarter 2023 Results

Retrieved on: 
Wednesday, October 25, 2023

Earnings per diluted share were $1.61 in the third quarter of 2023, compared to $1.49 in the prior year quarter.

Key Points: 
  • Earnings per diluted share were $1.61 in the third quarter of 2023, compared to $1.49 in the prior year quarter.
  • Adjusted earnings per diluted share were $1.57 for the third quarter of 2023, compared to $1.49 in the prior year quarter.
  • C&I capital generation was $232 million for the third quarter 2023, compared to $280 million in the prior year quarter.
  • Personal loan originations totaled $3.3 billion in the third quarter of 2023, down 8% from $3.6 billion in the prior year quarter.

OneMain Holdings Announces Date of Third Quarter 2023 Earnings Release and Conference Call

Retrieved on: 
Wednesday, October 4, 2023

OneMain Holdings, Inc. (NYSE: OMF), the leader in offering nonprime customers responsible access to credit, plans to report its third quarter 2023 results before the market opens on Wednesday, October 25, 2023.

Key Points: 
  • OneMain Holdings, Inc. (NYSE: OMF), the leader in offering nonprime customers responsible access to credit, plans to report its third quarter 2023 results before the market opens on Wednesday, October 25, 2023.
  • The earnings release will be available on OneMain’s investor relations website at http://investor.onemainfinancial.com .
  • A conference call to discuss the company's results, outlook and related matters will be held that morning at 9:00 a.m. Eastern.
  • For those unable to listen to the live broadcast, a replay will be available on our website, after the event.

CIO Leadership: HMG Strategy Shatters Registration Record for its 2023 Southern California CIO Executive Leadership Summit in Partnership with Southern California SIM

Retrieved on: 
Thursday, September 14, 2023

Looking ahead, HMG Strategy will also be hosting its 2023 Silicon Valley CIO Executive Leadership Summit on October 17 at the Hyatt Regency Santa Clara.

Key Points: 
  • Looking ahead, HMG Strategy will also be hosting its 2023 Silicon Valley CIO Executive Leadership Summit on October 17 at the Hyatt Regency Santa Clara.
  • To learn more about the 2023 Silicon Valley CIO Executive Leadership Summit and to register for the event, click here .
  • Next week, HMG Strategy will be hosting its 2023 Chicago CIO Executive Leadership Summit on September 19 at the University Club of Chicago.
  • HMG Strategy will also be hosting its 2023 Washington, D.C. CIO Executive Leadership Summit on September 26 at The Mayflower Hotel.

OneMain Holdings to Present at Barclays Global Financial Services Conference

Retrieved on: 
Wednesday, September 6, 2023

OneMain Holdings, Inc. (NYSE: OMF), the leader in offering nonprime customers responsible access to credit, announced today that Doug Shulman, Chairman and CEO, and Micah Conrad, CFO, will present at the Barclays Global Financial Services Conference at 9:00 a.m. Eastern on Tuesday, September 12, 2023.

Key Points: 
  • OneMain Holdings, Inc. (NYSE: OMF), the leader in offering nonprime customers responsible access to credit, announced today that Doug Shulman, Chairman and CEO, and Micah Conrad, CFO, will present at the Barclays Global Financial Services Conference at 9:00 a.m. Eastern on Tuesday, September 12, 2023.

CURO Announces Addition of New Independent Director Bob Hurzeler to CURO’s Board and Completion of Flexiti Sale

Retrieved on: 
Tuesday, September 5, 2023

“We are excited to welcome Bob to the CURO Board.

Key Points: 
  • “We are excited to welcome Bob to the CURO Board.
  • Mr. Hurzeler has served as the Chief Executive Officer of Flagship Credit Acceptance, an auto lender, since 2019.
  • “I am incredibly honored to join the CURO Board at this very important time as CURO continues to execute on its strategic plan,” said Mr. Hurzeler.
  • The updated outlook has no material changes from the prior published outlook other than reflecting the removal of the Canada POS Lending (Flexiti) segment.

CIO Leadership: Delivering on the Digital AI Agenda Will Drive the Discussion at the 2023 San Diego Technology Executive Leadership Summit in Partnership with SIM San Diego on October 12

Retrieved on: 
Friday, September 1, 2023

To learn more about the 2023 San Diego Technology Executive Leadership Summit in Partnership with SIM San Diego and to register for the event, click here .

Key Points: 
  • To learn more about the 2023 San Diego Technology Executive Leadership Summit in Partnership with SIM San Diego and to register for the event, click here .
  • HMG Strategy will also be hosting its 2023 Washington, D.C. CIO Executive Leadership Summit on September 26 at The Mayflower Hotel.
  • To learn more about the 2023 Washington, D.C. CIO Executive Leadership Summit and to register for the event, click here .
  • To learn more about the 2023 Chicago CIO Executive Leadership Summit and to register for the event, click here .

Phillips Edison & Company Acquires Lake Pointe Market

Retrieved on: 
Wednesday, August 30, 2023

CINNCINATI, Aug. 30, 2023 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”),  one of the nation’s largest owners and operators of omni-channel grocery-anchored shopping centers, today announced that it has acquired Lake Pointe Market, a 96.7%-occupied, 40,600-square-foot grocery-anchored neighborhood shopping center located in Rowlett, Texas.

Key Points: 
  • CINNCINATI, Aug. 30, 2023 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”),  one of the nation’s largest owners and operators of omni-channel grocery-anchored shopping centers, today announced that it has acquired Lake Pointe Market, a 96.7%-occupied, 40,600-square-foot grocery-anchored neighborhood shopping center located in Rowlett, Texas.
  • The center is shadow anchored by a Tom Thumb, the #1 grocer by sales in its three-mile trade area and one of the state’s top-ranking grocers.
  • The acquisition marks PECO’s 12th shopping center in the greater Dallas/Fort Worth Metroplex.
  • Optimally located at the high-traffic intersection of Dalrock Road and Lakeview Parkway, Lake Pointe Market benefits from more than two million annual visits.

KBRA Assigns Ratings to OneMain Financial Issuance Trust 2023-2

Retrieved on: 
Tuesday, August 22, 2023

KBRA assigns ratings to four classes of notes (five tranches) issued by OneMain Financial Issuance Trust 2023-2 (“OMFIT 2023-2”), a consumer loan asset-backed securities transaction.

Key Points: 
  • KBRA assigns ratings to four classes of notes (five tranches) issued by OneMain Financial Issuance Trust 2023-2 (“OMFIT 2023-2”), a consumer loan asset-backed securities transaction.
  • The ratings reflect initial credit enhancement levels ranging from 36.45% for the Class A notes to 11.05% for the Class D notes.
  • This transaction represents the second consumer loan, term ABS securitization issued by OneMain Finance Corporation (“OneMain” or “OMFC”, or the “Company”) in 2023.
  • OMH completed its acquisition of OneMain Financial Holdings, LLC on November 15, 2015 from CitiFinancial Credit Company for $4.49 billion in cash.