OneMain Presents Plans for Credit Card Term ABS Program

Bitget2026/10/19 13:20

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OneMain plans to establish a credit card term ABS program in 2027, with routine ABS issuance, its ABS East Conference presentation showed.
Annual debt issuance totals $4 billion to $6 billion across its funding channels.
Liquidity runway exceeds 24 months, supported by $7.5 billion in total bank capacity.
Unencumbered receivables total $11.6 billion; no unsecured debt matures until January 2027.
Net leverage stood at 5.5 times in the second quarter of 2026, within its target range of four to six times.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. OneMain Holdings Inc. published the original content used to generate this news brief on October 19, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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OneMain Presents Plans for Credit Card Term ABS Program

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