Springleaf to buy back $192.2 million 6.9% notes with new deal funds

New York, Nov. 25 – Springleaf Finance Corp. said it plans to repurchase $192.2 million of its 6.9% medium-term notes due 2017 using funds raised from an offering of new senior notes.

The 6.9% notes will be bought from a single holder who has agreed to buy $200.5 million of notes in the new deal.

Springleaf will pay a premium to the principal amount of the existing notes.

Remaining proceeds from the new notes, which are being brought to market by bookrunners BofA Merrill Lynch and Citigroup Global Markets Inc., will be used for general corporate purposes.

Springleaf is an Evansville, Ind.-based consumer finance company lending mostly to non-prime customers.

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