Varde Partners Amends 13D Filing for OneMain Holdings
Ticker: OMF · Form: SC 13D/A · Filed: May 6, 2024 · CIK: 1584207
| Field | Detail |
|---|---|
| Company | Onemain Holdings, Inc. (OMF) |
| Form Type | SC 13D/A |
| Filed Date | May 6, 2024 |
| Risk Level | medium |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $0.01, $50.50, $51.18, $50.93, $51.50 |
| Sentiment | neutral |
Sentiment: neutral
Topics: ownership-change, sec-filing, amendment
TL;DR
Varde Partners updated their stake in OneMain Holdings, Inc. on 5/6/24.
AI Summary
Varde Partners, Inc. and its affiliates have filed an amendment to their Schedule 13D, reporting a change in beneficial ownership of OneMain Holdings, Inc. as of May 6, 2024. The filing details the group's holdings and their intentions regarding the subject company.
Why It Matters
This filing indicates a significant stakeholder's updated position and potential influence over OneMain Holdings, Inc., which could impact the company's strategic direction and stock performance.
Risk Assessment
Risk Level: medium — Schedule 13D filings often signal potential activist investor activity or significant shifts in major holdings, which can introduce uncertainty.
Key Players & Entities
- Varde Partners, Inc. (company) — Reporting entity
- OneMain Holdings, Inc. (company) — Subject company
- BRADLEY P. BAUER (person) — Group member
- ILFRYN C. CARSTAIRS (person) — Group member
FAQ
What is the primary purpose of this SC 13D/A filing?
This filing is an amendment to a Schedule 13D, indicating a change in the beneficial ownership of OneMain Holdings, Inc. by Varde Partners, Inc. and its affiliates.
Who are the key entities involved in this filing?
The reporting entities are Varde Partners, Inc. and its various affiliated entities, and the subject company is OneMain Holdings, Inc.
What is the date of the reported change in beneficial ownership?
The date as of which the change in beneficial ownership is reported is May 6, 2024.
What was the former name of OneMain Holdings, Inc.?
The former name of OneMain Holdings, Inc. was Springleaf Holdings, Inc., with a name change date of October 8, 2013.
Where is OneMain Holdings, Inc. headquartered?
OneMain Holdings, Inc. is headquartered in Evansville, Indiana, with its business and mailing address at 601 N.W. Second Street, Evansville, IN 47708.
Filing Stats: 4,680 words · 19 min read · ~16 pages · Grade level 6.5 · Accepted 2024-05-06 16:15:31
Key Financial Figures
- $0.01 — me of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securiti
- $50.50 — Price Number of Shares 05/02/2024 $50.50 - $51.18 157,117 (a) 05/03/2024 $
- $51.18 — umber of Shares 05/02/2024 $50.50 - $51.18 157,117 (a) 05/03/2024 $50.93 - $
- $50.93 — 0 - $51.18 157,117 (a) 05/03/2024 $50.93 - $51.50 62,191 (b) (a)These share
- $51.50 — 8 157,117 (a) 05/03/2024 $50.93 - $51.50 62,191 (b) (a)These shares of Comm
- $50.6452 — ove at a weighted average sale price of $50.6452. The Reporting Persons hereby undertake
Filing Documents
- d830838dsc13da.htm (SC 13D/A) — 396KB
- 0001193125-24-131933.txt ( ) — 399KB
From the Filing
SC 13D/A 1 d830838dsc13da.htm SC 13D/A SC 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D (Rule 13d-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO 240.13d-l(a) AND AMENDMENTS THERETO FILED PURSUANT TO 240.13d-2(a) (Amendment No. 7)* OneMain Holdings, Inc. (Name of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securities) 68268W103 (CUSIP Number) Andrew Malone Värde Partners, Inc. 901 Marquette Ave. S, Suite 3300 Minneapolis, MN 55402 (952) 893-1554 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) May 2, 2024 (Date of Event Which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of 240.13d-l(e), 240.13d-l(f) or 240.13d-l(g), check the following box. Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See 240 13d-7 for other parties to whom copies are to be sent. 1 The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. * information required on the remainder of this cover page shall not be deemed to be filed for the purpose of section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). 1. Names of Reporting Persons UNIFORM INVESTCO LP 2. Check The Appropriate Box if a Member of a Group (See Instructions) (a)(b) 3. SEC Use Only 4. Source of Funds OO 5. Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) 6. Citizenship or Place of Organization Delaware Number of Shares Beneficially Owned By Each Reporting Person With 7. Sole Voting Power 0 8. Shared Voting Power 5,210,349 9. Sole Dispositive Power 0 10. Shared Dispositive Power 5,210,349 11. Aggregate Amount Beneficially Owned by Each Reporting Person 5,210,349 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) 13. Percent of Class Represented by Amount in Row (11) 4.35% (1) 14. Type of Reporting Person (See Instructions) PN (1) Calculated based on 119,808,695 shares of the Issuers common stock (Common Stock) outstanding as of April 23, 2024, as reported on the Issuers Form 10-Q filed on May 1, 2024 (the Form 10-Q). 1. Names of Reporting Persons UNIFORM INVESTCO GP LLC 2. Check The Appropriate Box if a Member of a Group (See Instructions) (a)(b) 3. SEC Use Only 4. Source of Funds OO 5. Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) 6. Citizenship or Place of Organization Delaware Number of Shares Beneficially Owned By Each Reporting Person With 7. Sole Voting Power 0 8. Shared Voting Power 5,210,349 9. Sole Dispositive Power 0 10. Shared Dispositive Power 5,210,349 11. Aggregate Amount Beneficially Owned by Each Reporting Person 5,210,349 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) 13. Percent of Class Represented by Amount in Row (11) 4.35% (1) 14. Type of Reporting Person (See Instructions) OO (1) Calculated based on 119,808,695 shares of Common Stock outstanding as of April 23, 2024, as reported on the Form 10-Q. 1. Names of Reporting Persons THE VÄRDE FUND VI-A, L.P. 2. Check The Appropriate Box if a Member of a Group (See Instructions) (a)(b) 3. SEC Use Only 4. Source of Funds OO 5. Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) 6. Citizenship or Place of Organization Delaware Number of Shares Beneficially Owned By Each Reporting Person With 7. Sole Voting Power 0 8. Shared Voting Power 117,378 9. Sole Dispositive Power 0 10. Shared Dispositive Power 117,378 11. Aggregate Amount Beneficially Owned by Each Reporting Person 117,378 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) 13. Percent of Class Represented by Amount in Row (11) 0.10% (1) 14. Type of Reporting Person (See Instructions) PN (1) Calculated based on 119,808,695 shares of Common Stock outstanding as of April 23, 2024, as reported on the Form 10-Q. 1. Names of Reporting Persons VÄRDE INVESTMENT PARTNERS, L.P. 2. Check The Appropriate Box if a Member of a Group (See Instructions) (a)(b) 3. SEC Use Only 4. Source of Funds OO 5. Check if disclosure of legal proceedings is required p