OneMain raises $1.7B through side-by-side securitizations
What's the deal? OneMain Finance CorporationDealroom has a profile for this one. Try Dealroom → and its affiliates have raised $1.7 billion through two side-by-side 144A/Reg S securitizations. The deals cover four classes of notes from OneMain Financial Issuance Trust 2026-2Dealroom has a profile for this one. Try Dealroom →, carrying $700 million and a two-year revolving period, and four classes from OneMain FinancialDealroom has a profile for this one. Try Dealroom → Issuance Trust 2026-3, carrying $1 billion and a five-year revolving period.
Who advised? Paul HastingsDealroom has a profile for this one. Try Dealroom → advised OneMain and its affiliates on both transactions. The firm's team included partners Megan Roberts, Brian Maher, and Daniel Nicholas, alongside associates Emily Firmston, Victoria Grace-Hunt, and Cody Wlasuk.
Why it stands out: At $1.7 billion, this is a large post-IPO debt raise. It sits in the 93rd percentile of all US fintech post-IPO debt rounds on record, from a sample of 753 deals.
The signal: Securitization remains a core funding channel for consumer lenders, letting them convert loan portfolios into capital markets financing. The staggered revolving periods — two years and five years — give OneMain flexibility to fund new lending over different horizons.
Read more: paulhastings.com
Image credit: HimmelrichPR
