Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
- Peter Lynch
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
OneMain Holdings, Inc.
(Name of Issuer)
COMMON STOCK, par value $0.01 per share
(Title of Class of Securities)
68268W103
(CUSIP Number)
David A. Marple
Värde Partners, Inc.
901 Marquette Ave. S, Suite 3300
Minneapolis, MN 55402
(952) 893-1554
May 4, 2021
(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-1(e), 240.13d-1(f) or 240.13d-1(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 Rule 13d-7 for other parties to whom copies are to be sent.
* | 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. |
The 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).
CUSIP No. 68268W103 | Page 1 |
1/33
SC 13D/A
1. | Names of Reporting Persons.
UNIFORM INVESTCO LP | |||||
2. | Check the Appropriate Box if a Member of a Group (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
7,552,292 | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
7,552,292 | |||||
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
7,552,292 | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares
☐ | |||||
13. | Percent of Class Represented by Amount in Row (11)
5.62% | |||||
14. | Type of Reporting Person
PN |
CUSIP No. 68268W103 | Page 2 |
2/33
SC 13D/A
1. | Names of Reporting Persons.
UNIFORM INVESTCO GP LLC | |||||
2. | Check the Appropriate Box if a Member of a Group (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
7,552,292 | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
7,552,292 | |||||
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
7,552,292 | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares
☐ | |||||
13. | Percent of Class Represented by Amount in Row (11)
5.62% | |||||
14. | Type of Reporting Person
OO |
CUSIP No. 68268W103 | Page 3 |
3/33
SC 13D/A
1. | Names of Reporting Persons.
THE VÄRDE FUND VI-A, L.P. | |||||
2. | Check the Appropriate Box if a Member of a Group (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
354,958 | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
354,958 | |||||
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
354,958 | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares
☐ | |||||
13. | Percent of Class Represented by Amount in Row (11)
0.26% | |||||
14. | Type of Reporting Person
PN |
CUSIP No. 68268W103 | Page 4 |
4/33
SC 13D/A
1. | Names of Reporting Persons.
VÄRDE INVESTMENT PARTNERS, L.P. | |||||
2. | Check the Appropriate Box if a Member of a Group (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
1,268,785 | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
1,268,785 | |||||
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
1,268,785 | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares
☐ | |||||
13. | Percent of Class Represented by Amount in Row (11)
0.94% | |||||
14. | Type of Reporting Person
PN |
CUSIP No. 68268W103 | Page 5 |
5/33
SC 13D/A
1. | Names of Reporting Persons.
VÄRDE INVESTMENT PARTNERS (OFFSHORE) MASTER, L.P. | |||||
2. | Check the Appropriate Box if a Member of a Group (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
Cayman Islands | |||||
Number of Shares Beneficially Owned by Each Reporting Person with:
|
7. | Sole Voting Power
0 | ||||
8. | Shared Voting Power
876,066 | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
876,066 | |||||
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
876,066 | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares
☐ | |||||
13. | Percent of Class Represented by Amount in Row (11)
0.65% | |||||
14. | Type of Reporting Person
PN |
CUSIP No. 68268W103 | Page 6 |
6/33
SC 13D/A
1. | Names of Reporting Persons.
VÄRDE INVESTMENT PARTNERS G.P., L.P. | |||||
2. | Check the Appropriate Box if a Member of a Group (a) ☒ (b) ☐
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds
OO | |||||
5. | Check if Disc losure 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
2,499,809 | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
2,499,809 | |||||
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
2,499,809 | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares
☐ | |||||
13. | Percent of Class Represented by Amount in Row (11)
1.86% | |||||
14. | Type of Reporting Person
PN |
CUSIP No. 68268W103 | Page 7 |
7/33
SC 13D/A
1. | Names of Reporting Persons.
VÄRDE INVESTMENT PARTNERS UGP, LLC | |||||
2. | Check the Appropriate Box if a Member of a Group (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
2,499,809 | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
2,499,809 | |||||
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
2,499,809 | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares
☐ | |||||
13. | Percent of Class Represented by Amount in Row (11)
1.86% | |||||
14. | Type of Reporting Person
OO |
CUSIP No. 68268W103 | Page 8 |
8/33
SC 13D/A
1. | Names of Reporting Persons.
THE VÄRDE SKYWAY MASTER FUND, L.P. | |||||
2. | Check the Appropriate Box if a Member of a Group (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
Cayman Islands | |||||
Number of Shares Beneficially Owned by Each Reporting Person with:
|
7. | Sole Voting Power
0 | ||||
8. | Shared Voting Power
853,409 | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
853,409 | |||||
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
853,409 | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares
☐ | |||||
13. | Percent of Class Represented by Amount in Row (11)
0.63% | |||||
14. | Type of Reporting Person
PN |
CUSIP No. 68268W103 | Page 9 |
9/33
SC 13D/A
1. | Names of Reporting Persons.
THE VÄRDE SKYWAY FUND G.P., L.P. | |||||
2. | Check the Appropriate Box if a Member of a Group (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
853,409 | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
853,409 | |||||
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
853,409 | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares
☐ | |||||
13. | Percent of Class Represented by Amount in Row (11)
0.63% | |||||
14. | Type of Reporting Person
PN |
CUSIP No. 68268W103 | Page 10 |
10/33
SC 13D/A
1. | Names of Reporting Persons.
THE VÄRDE SKYWAY FUND UGP, LLC | |||||
2. | Check the Appropriate Box if a Member of a Group (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
853,409 | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
853,409 | |||||
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
853,409 | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares
☐ | |||||
13. | Percent of Class Represented by Amount in Row (11)
0.63% | |||||
14. | Type of Reporting Person
OO |
CUSIP No. 68268W103 | Page 11 |
11/33
SC 13D/A
1. | Names of Reporting Persons.
THE VÄRDE FUND XII (MASTER), L.P. | |||||
2. | Check the Appropriate Box if a Member of a Group (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
1,306,546 | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
1,306,546 | |||||
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
1,306,546 | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares
☐ | |||||
13. | Percent of Class Represented by Amount in Row (11)
0.97% | |||||
14. | Type of Reporting Person
PN |
CUSIP No. 68268W103 | Page 12 |
12/33
SC 13D/A
1. | Names of Reporting Persons.
THE VÄRDE FUND XII G.P., L.P. | |||||
2. | Check the Appropriate Box if a Member of a Group (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
1,306,546 | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
1,306,546 | |||||
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
1,306,546 | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares
☐ | |||||
13. | Percent of Class Represented by Amount in Row (11)
0.97% | |||||
14. | Type of Reporting Person
PN |
CUSIP No. 68268W103 | Page 13 |
13/33
SC 13D/A
1. | Names of Reporting Persons.
THE VÄRDE FUND XII UGP, LLC | |||||
2. | Check the Appropriate Box if a Member of a Group (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
1,306,546 | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
1,306,546 | |||||
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
1,306,546 | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares
☐ | |||||
13. | Percent of Class Represented by Amount in Row (11)
0.97% | |||||
14. | Type of Reporting Person
OO |
CUSIP No. 68268W103 | Page 14 |
14/33
SC 13D/A
1. | Names of Reporting Persons.
VÄRDE CREDIT PARTNERS MASTER, L.P. | |||||
2. | Check the Appropriate Box if a Member of a Group (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
Cayman Islands | |||||
Number of Shares Beneficially Owned by Each Reporting Person with:
|
7. | Sole Voting Power
0 | ||||
8. | Shared Voting Power
1,004,455 | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
1,004,455 | |||||
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
1,004,455 | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares
☐ | |||||
13. | Percent of Class Represented by Amount in Row (11)
0.75% | |||||
14. | Type of Reporting Person
PN |
CUSIP No. 68268W103 | Page 15 |
15/33
SC 13D/A
1. | Names of Reporting Persons.
VÄRDE CREDIT PARTNERS G.P., L.P. | |||||
2. | Check the Appropriate Box if a Member of a Group (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
1,004,455 | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
1,004,455 | |||||
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
1,004,455 | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares
☐ | |||||
13. | Percent of Class Represented by Amount in Row (11)
0.75% | |||||
14. | Type of Reporting Person
OO |
CUSIP No. 68268W103 | Page 16 |
16/33
SC 13D/A
1. | Names of Reporting Persons.
VÄRDE CREDIT PARTNERS UGP, LLC | |||||
2. | Check the Appropriate Box if a Member of a Group (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
1,004,455 | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
1,004,455 | |||||
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
1,004,455 | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares
☐ | |||||
13. | Percent of Class Represented by Amount in Row (11)
0.75% | |||||
14. | Type of Reporting Person
OO |
CUSIP No. 68268W103 | Page 17 |
17/33
SC 13D/A
1. | Names of Reporting Persons.
VÄRDE SFLT, L.P. | |||||
2. | Check the Appropriate Box if a Member of a Group (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
Cayman Islands | |||||
Number of Shares Beneficially Owned by Each Reporting Person with:
|
7. | Sole Voting Power
0 | ||||
8. | Shared Voting Power
1,888,073 | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
1,888,073 | |||||
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
1,888,073 | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares
☐ | |||||
13. | Percent of Class Represented by Amount in Row (11)
1.40% | |||||
14. | Type of Reporting Person
PN |
CUSIP No. 68268W103 | Page 18 |
18/33
SC 13D/A
1. | Names of Reporting Persons.
THE VÄRDE SPECIALTY FINANCE FUND G.P., L.P. | |||||
2. | Check the Appropriate Box if a Member of a Group (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
Cayman Islands | |||||
Number of Shares Beneficially Owned by Each Reporting Person with:
|
7. | Sole Voting Power
0 | ||||
8. | Shared Voting Power
1,888,073 | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
1,888,0737 | |||||
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
1,888,0737 | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares
☐ | |||||
13. | Percent of Class Represented by Amount in Row (11)
1.40% | |||||
14. | Type of Reporting Person
PN |
CUSIP No. 68268W103 | Page 19 |
19/33
SC 13D/A
1. | Names of Reporting Persons.
THE VÄRDE SPECIALITY FINANCE FUND U.G.P., LLC | |||||
2. | Check the Appropriate Box if a Member of a Group (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
Cayman Islands | |||||
Number of Shares Beneficially Owned by Each Reporting Person with:
|
7. | Sole Voting Power
0 | ||||
8. | Shared Voting Power
1,888,073 | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
1,888,073 | |||||
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
1,888,073 | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares
☐ | |||||
13. | Percent of Class Represented by Amount in Row (11)
1.40% | |||||
14. | Type of Reporting Person
OO |
CUSIP No. 68268W103 | Page 20 |
20/33
SC 13D/A
1. | Names of Reporting Persons.
VÄRDE PARTNERS, L.P. | |||||
2. | Check the Appropriate Box if a Member of a Group (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
7,552,292 | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
7,552,292 | |||||
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
7,552,292 | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares
☐ | |||||
13. | Percent of Class Represented by Amount in Row (11)
5.62% | |||||
14. | Type of Reporting Person
PN |
CUSIP No. 68268W103 | Page 21 |
21/33
SC 13D/A
1. | Names of Reporting Persons.
VÄRDE PARTNERS, INC. | |||||
2. | Check the Appropriate Box if a Member of a Group (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
7,552,292 | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
7,552,292 | |||||
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
7,552,292 | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares
☐ | |||||
13. | Percent of Class Represented by Amount in Row (11)
5.62% | |||||
14. | Type of Reporting Person
CO |
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1. | Names of Reporting Persons.
GEORGE G. HICKS | |||||
2. | Check the Appropriate Box if a Member of a Group (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
United States | |||||
Number of Shares Beneficially Owned by Each Reporting Person with:
|
7. | Sole Voting Power
0 | ||||
8. | Shared Voting Power
7,552,292 | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
7,552,292 | |||||
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
7,552,292 | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares
☐ | |||||
13. | Percent of Class Represented by Amount in Row (11)
5.62% | |||||
14. | Type of Reporting Person
IN |
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1. | Names of Reporting Persons.
ILFRYN C. CARSTAIRS | |||||
2. | Check the Appropriate Box if a Member of a Group (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
Australia and the United Kingdom | |||||
Number of Shares Beneficially Owned by Each Reporting Person with:
|
7. | Sole Voting Power
0 | ||||
8. | Shared Voting Power
7,552,292 | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
7,552,292 | |||||
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
7,552,292 | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares
☐ | |||||
13. | Percent of Class Represented by Amount in Row (11)
5.62% | |||||
14. | Type of Reporting Person
IN |
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Schedule 13D/A
Amendment No. 2
ITEM 1. SECURITY AND ISSUER
This Statement on Schedule 13D relates to the common stock, par value $0.01 per share (the Common Stock), of OneMain Holdings, Inc. (the Issuer). The principal executive offices of the Issuer are located at 601 N.W. Second Street, Evansville, IN 47708.
This Amendment No. 3 (Amendment No. 3) amends and supplements the Schedule 13D filed by the Reporting Persons on Schedule 13D filed by the Reporting Persons on July 3, 2018, as amended by Amendment No. 1 thereto filed on February 20, 2020 and Amendment No. 2 thereto filed on February 18, 2021 (as so amended by this Amendment No. 3, the Schedule 13D). This Amendment No. 3 is filed to reflect that on May 4, 2021, V-OMH II, L.P. (V-OMH) sold 1,901,638 shares of the Issuers Common Stock in an underwritten offering, as described below.
Except as specifically provided herein, this Amendment No. 3 does not modify any of the information previously reported on the Schedule 13D. Capitalized terms used but not otherwise defined in this Amendment No. 3 shall have the meanings ascribed to them in the Schedule 13D.
ITEM 2. IDENTITY AND BACKGROUND
No change.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
No change.
ITEM 4. PURPOSE OF TRANSACTION
No change.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
Item 5 of the Schedule 13D is hereby amended and restated in its entirety as follows:
Holdings and/or one or more of its subsidiaries are the record owners of an aggregate of 36,537,500 shares of the Issuers Common Stock, which represents approximately 27.17% of the Issuers outstanding Common Stock. Through its interest in Holdings, InvestCo has a beneficial interest in 7,552,292 shares of Issuers Common Stock, which represents approximately 5.62% of the outstanding shares of Issuers Common Stock. Each of Fund VI, VIP, VIP Offshore, Skyway, Fund XII, Credit Partners and SFLT own an interest in Uniform Topco LP. Uniform InvestCo Holdings Sarl, a wholly- owned subsidiary of Uniform Topco LP, and InvestCo GP own 99.99% and 0.01%, respectively, of the outstanding partnership interests of InvestCo.
Each Reporting Person disclaims beneficial ownership of any shares of the Issuers Common Stock owned of record by Holdings and/or one or more of its subsidiaries, in each case, except to the extent of any pecuniary interest therein, and this report shall not be deemed an admission that any such entity is the beneficial owner of or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
(a) See also the information contained on the cover pages of this Statement on Schedule 13D which is incorporated herein by reference. The percentage of Common Stock reported as beneficially owned by each Reporting Person is based on 134,477,096 shares of Common Stock outstanding as of April 19, 2021, based upon information provided in the Form 10-Q filed by the Issuer with the SEC on April 27, 2021.
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(b) By virtue of the provisions of the Letter Agreement that grant certain rights to certain limited partners of Holdings regarding the election of the Board and the acquisition and transfer of shares of Common Stock, as described in Item 6, the Reporting Persons may be deemed to be members of a group with, and may be deemed to have or share indirect voting power over any shares of Common Stock acquired directly by the limited partners affiliated with Apollo Management Holdings GP, LLC (such limited partners, the Apollo Partner). The Reporting Persons expressly disclaim the existence of a group with the Apollo Partner or any beneficial ownership of any shares held of record by the Apollo Partner and the number of shares reported in the cover pages as shared voting power does not include any of those shares of Common Stock. In the aggregate, any group formed thereby would beneficially own the shares of Common Stock owned by Holdings and/or one or more of its subsidiaries as well as the shares of Common Stock acquired directly by the Apollo Partner, if any. The beneficial ownership of the Apollo Partner has been reported separately on a Schedule 13D filed with the Securities and Exchange Commission on July 3, 2018, as amended.
(c) On May 4, 2021, V-OMH sold 1,901,638 shares of Common Stock in an underwritten offering at a price of $51.76125 per share, after underwriting discounts and commissions. In addition, OMH (ML), L.P. (OMH and, together with V-OMH, the Sellers) sold 7,298,362 and 1,901,638 shares of the Issuers Common Stock in the same underwritten offering. Except as described above in this 13D/A, there have been no reportable transactions with respect to the Common Stock of the Issuer within the last 60 days by the Reporting Persons.
(d) To the knowledge of the Reporting Persons, no other person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Issuers Common Stock.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER
Item 6 of the Schedule 13D is hereby amended and supplemented as follows:
On April 29, 2021, the Sellers entered into an agreement (the Underwriting Agreement) with the Issuer and Barclays Capital Inc. and Citigroup Global Markets Inc., as representatives of the several underwriters named therein. The Sellers agreed to sell to the underwriters, and each of the underwriters agreed, severally and not jointly, to purchase from the Sellers an aggregate of 8,000,000 shares of the Issuers Common Stock.
However, the underwriters are not required to take or pay for the shares covered by the underwriters option to purchase additional shares. The Sellers granted the underwriters an option to purchase up to 1,200,000 additional shares at $51.76125 per share, the public offering price listed on the cover of the prospectus supplement, less underwriting discounts and commissions and the per share amount. The underwriters may exercise this option at any time within 30 days from the date of the prospectus supplement. The Sellers and the Issuer agreed to indemnify the underwriters against certain liabilities, including liabilities under the Securities Act, or to contribute to payments the underwriters may be required to make in respect of those liabilities. The underwriters exercised their option to purchase an additional 1,200,000 shares of Common Stock.
The foregoing description of the Underwriting Agreement does not purport to be complete and is qualified in its entirety by the terms and conditions of the Underwriting Agreement, a copy of which is attached hereto as Exhibit D and is incorporated herein by reference.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Item 7 of the Schedule 13D is hereby amended and supplemented as follows:
Exhibit | Description | |
Exhibit A |
Share Purchase Agreement, dated as of January 3, 2018, by and among OneMain Holdings, Inc., OMH Holdings, L.P., and Springleaf Financial Holdings, LLC (attached as Exhibit 10.1 to the Issuers Current Report on Form 8-K (File No. 001-36129) filed with the Securities and Exchange Commission on January 4, 2018 and incorporated herein in its entirety by reference). |
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Exhibit B | Amended and Restated Stockholders Agreement, dated as of June 25, 2018, by and among OneMain Holdings, Inc. and OMH Holdings, L.P. (attached as Exhibit 10.1 to the Issuers Current Report on Form 8-K (File No. 001-36129) filed with the Securities and Exchange Commission on June 25, 2018 and incorporated herein in its entirety by reference). | |
Exhibit C | Letter Agreement, dated as of June 25, 2018, by and among Apollo Uniform GP, LLC, Uniform InvestCo LP, Uniform Co-Invest, L.P., Apollo VIII Uniform Investor, L.P. and Apollo Structured Credit Recovery Master Fund IV LP (attached as Exhibit C to the Schedule 13D filed by the Reporting Persons with the Securities and Exchange Commission on July 3, 2018 and incorporated herein in its entirety by reference). | |
Exhibit D | Underwriting Agreement, dated as of April 29, 2021, by and among OMH (ML), L.P. and V-OMH (ML) II, L.P., OneMain Holdings, Inc., and Barclays Capital Inc. and Citigroup Global Markets Inc., as representatives of the several underwriters named therein (attached as Exhibit 1.1 to the Issuers Current Report on Form 8-K (File No. 001-36129) filed with the Securities and Exchange Commission on May 4, 2021 and incorporated herein in its entirety by reference) |
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SC 13D/A
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Dated: May 6, 2021
UNIFORM INVESTCO LP | ||
By: | Uniform InvestCo GP LLC, its General Partner | |
By: | Värde Partners, Inc., its Manager | |
By: | /s/ David A. Marple | |
Name: | David A. Marple | |
Title: | General Counsel | |
UNIFORM INVESTCO GP LLC | ||
By: | Värde Partners, Inc., its Manager | |
By: | /s/ David A. Marple | |
Name: | David A. Marple | |
Title: | General Counsel | |
THE VÄRDE FUND VI-A, L.P. | ||
By: | Värde Investment Partners G.P., L.P., its General Partner | |
By: | Värde Investment Partners UGP, LLC, its General Partner | |
By: | Värde Partners, L.P., its Managing Member | |
By: | Värde Partners, Inc., its General Partner | |
By: | /s/ David A. Marple | |
Name: | David A. Marple | |
Title: | General Counsel | |
VÄRDE INVESTMENT PARTNERS, L.P. | ||
By: | Värde Investment Partners G.P., L.P., its General Partner | |
By: | Värde Investment Partners UGP, LLC, its General Partner | |
By: | Värde Partners, L.P., its Managing Member | |
By: | Värde Partners, Inc., its General Partner | |
By: | /s/ David A. Marple | |
Name: | David A. Marple | |
Title: | General Counsel |
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SC 13D/A
VÄRDE INVESTMENT PARTNERS (OFFSHORE) MASTER, L.P. | ||
By: | Värde Investment Partners G.P., L.P., its General Partner | |
By: | Värde Investment Partners UGP, LLC, its General Partner | |
By: | Värde Partners, L.P., its Managing Member | |
By: | Värde Partners, Inc., its General Partner | |
By: | /s/ David A. Marple | |
Name: | David A. Marple | |
Title: | General Counsel | |
VÄRDE INVESTMENT PARTNERS G.P., L.P. | ||
By: | Värde Investment Partners UGP, LLC, its General Partner | |
By: | Värde Partners, L.P., its Managing Member | |
By: | Värde Partners, Inc., its General Partner | |
By: | /s/ David A. Marple | |
Name: | David A. Marple | |
Title: | General Counsel | |
VÄRDE INVESTMENT PARTNERS UGP, LLC | ||
By: | Värde Partners, L.P., its Managing Member | |
By: | Värde Partners, Inc., its General Partner | |
By: | /s/ David A. Marple | |
Name: | David A. Marple | |
Title: | General Counsel | |
THE VÄRDE SKYWAY MASTER FUND, L.P. | ||
By: | The Värde Skyway Fund G.P., L.P., its General Partner | |
By: | The Värde Skyway Fund UGP, LLC, its General Partner | |
By: | Värde Partners, L.P., its Managing Member | |
By: | Värde Partners, Inc., its General Partner | |
By: | /s/ David A. Marple | |
Name: | David A. Marple | |
Title: | General Counsel | |
THE VÄRDE SKYWAY FUND G.P., L.P. | ||
By: | The Värde Skyway Fund UGP, LLC, its General Partner | |
By: | Värde Partners, L.P., its Managing Member | |
By: | Värde Partners, Inc., its General Partner | |
By: | /s/ David A. Marple | |
Name: | David A. Marple | |
Title: | General Counsel |
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SC 13D/A
THE VÄRDE SKYWAY FUND UGP, LLC | ||
By: | Värde Partners, L.P., its Managing Member | |
By: | Värde Partners, Inc., its General Partner | |
By: | /s/ David A. Marple | |
Name: | David A. Marple | |
Title: | General Counsel | |
THE VÄRDE FUND XII (MASTER), L.P. | ||
By: | The Värde Fund XII G.P., L.P., its General Partner | |
By: | The Värde Fund XII UGP, LLC, its General Partner | |
By: | Värde Partners, L.P., its Managing Member | |
By: | Värde Partners, Inc., its General Partner | |
By: | /s/ David A. Marple | |
Name: | David A. Marple | |
Title: | General Counsel | |
THE VÄRDE FUND XII G.P., L.P. | ||
By: | The Värde Fund XII UGP, LLC, its General Partner | |
By: | Värde Partners, L.P., its Managing Member | |
By: | Värde Partners, Inc., its General Partner | |
By: | /s/ David A. Marple | |
Name: | David A. Marple | |
Title: | General Counsel | |
THE VÄRDE FUND XII UGP, LLC | ||
By: | Värde Partners, L.P., its Managing Member | |
By: | Värde Partners, Inc., its General Partner | |
By: | /s/ David A. Marple | |
Name: | David A. Marple | |
Title: | General Counsel | |
VÄRDE CREDIT PARTNERS MASTER, L.P. | ||
By: | Värde Credit Partners G.P., L.P., its General Partner | |
By: | Värde Credit Partners UGP, LLC, its General Partner | |
By: | Värde Partners, L.P., its Managing Member | |
By: | Värde Partners, Inc., its General Partner | |
By: | /s/ David A. Marple | |
Name: | David A. Marple | |
Title: | General Counsel |
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SC 13D/A
VÄRDE CREDIT PARTNERS G.P., L.P. | ||
By: | Värde Credit Partners UGP, LLC, its General Partner | |
By: | Värde Partners, L.P., its Managing Member | |
By: | Värde Partners, Inc., its General Partner | |
By: | /s/ David A. Marple | |
Name: | David A. Marple | |
Title: | General Counsel | |
VÄRDE CREDIT PARTNERS UGP, LLC | ||
By: | Värde Partners, L.P., its Managing Member | |
By: | Värde Partners, Inc., its General Partner | |
By: | /s/ David A. Marple | |
Name: | David A. Marple | |
Title: | General Counsel | |
VÄRDE SFLT, L.P. | ||
By: | The Värde Specialty Finance Fund G.P., L.P., its General Partner | |
By: | The Värde Specialty Finance Fund U.G.P., LLC, its General Partner | |
By: | Värde Partners, L.P., its Managing Member | |
By: | Värde Partners, Inc., its General Partner | |
By: | /s/ David A. Marple | |
Name: | David A. Marple | |
Title: | General Counsel | |
THE VÄRDE SPECIALTY FINANCE FUND G.P., L.P. | ||
By: | The Värde Specialty Finance Fund U.G.P., LLC, its General Partner | |
By: | Värde Partners, L.P., its Managing Member | |
By: | Värde Partners, Inc., its General Partner | |
By: | /s/ David A. Marple | |
Name: | David A. Marple | |
Title: | General Counsel | |
THE VÄRDE SPECIALTY FINANCE FUND U.G.P., LLC | ||
By: | Värde Partners, L.P., its Managing Member | |
By: | Värde Partners, Inc., its General Partner | |
By: | /s/ David A. Marple | |
Name: | David A. Marple | |
Title: | General Counsel | |
VÄRDE PARTNERS, L.P. | ||
By: | Värde Partners, Inc., its General Partner | |
By: | /s/ David A. Marple | |
Name: | David A. Marple | |
Title: | General Counsel |
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SC 13D/A
VÄRDE PARTNERS, INC. | ||
By: | /s/ David A. Marple | |
Name: | David A. Marple | |
Title: | General Counsel | |
GEORGE G. HICKS | ||
By: | /s/ George G. Hicks | |
ILFRYN CARSTAIRS | ||
By: | /s/ Ilfryn Carstairs |
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APPENDIX A
The following sets forth information with respect to certain of the executive officers and managers of the General Partner. Except as noted below, the business address of each of the below individuals is 901 Marquette Ave S, Suite 3300, Minneapolis, MN 55402.
Name |
Principal occupation or employment and address of any corporation or other organization in which such employment is conducted | |
George G. Hicks | Principal of Värde Partners, Inc. | |
Marcia L. Page | Principal of Värde Partners, Inc. | |
Bradley P. Bauer | Principal of Värde Partners, Inc., 2 St. Jamess Market London SW1Y 4AH | |
Rick J. Noel | Principal of Värde Partners, Inc., 2 St. Jamess Market London SW1Y 4AH | |
Andrew P. Lenk | Principal of Värde Partners, Inc. | |
Ilfryn C. Carstairs | Principal of Värde Partners, Inc., 6 Battery Road #15-05, Singapore 049909 | |
David A. Marple | Principal of Värde Partners, Inc. | |
Giuseppe Naglieri | Principal of Värde Partners, Inc. 2 St. Jamess Market London SW1Y 4AH | |
Timothy J. Mooney | Principal of Värde Partners, Inc., 2 St. Jamess Market London SW1Y 4AH | |
Brian Schmidt | Principal of Värde Partners, Inc. | |
Jonathan Fox | Principal of Värde Partners, Inc., 510 Madison Avenue, 12th Floor, New York 10022 | |
Hasseb Malik | Principal of Värde Partners, Inc., 6 Battery Road #15-05, Singapore 049909 | |
Elena Lieskovska | Principal of Värde Partners, Inc., 2 St. Jamess Market London SW1Y 4AH | |
Mark Schein | Global Chief Compliance Officer of Värde Partners, Inc., 510 Madison Avenue, 12th Floor, New York 10022 | |
Brendan Albee | Principal of Värde Partners, Inc. | |
Scott Hartman | Principal of Värde Partners, Inc. | |
Francisco Milone | Principal of Värde Partners, Inc., 2 St. Jamess Market London SW1Y 4AH |
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