Springleaf records $414.9 million debt reduction in last six months

By Tali David

Minneapolis, Aug. 13 - Springleaf Finance Corp. repurchased $414.9 million of debt due in 2012 and €50.1 million of debt due in 2013 during the six months ended June 30, according to a 10-Q filing with the Securities and Exchange Commission.

The company said it also made additional debt repurchases after the end of the quarter.

During the first quarter of 2012, Springleaf repurchased $35.5 million of debt due in 2012 and said it made additional repurchases after quarter's end. This makes the second-quarter debt reduction $379.4 million.

Evansville, Ind.-based Springleaf Finance, formerly known as American General Finance Inc., originates and services real estate mortgages and offers loans for automobiles and other goods.

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