Springleaf Holdings, Inc. $1.435 Billion Common Stock Offering

Davis Polk advised the underwriters in connection with the SEC-registered offering of 27,864,525 shares of common stock of Springleaf Holdings, Inc., of which 19,417,476 shares were issued and sold by the Company and 8,447,049 shares were sold by Springleaf Financial Holdings, LLC on behalf of an affiliate of American International Group. The aggregate gross proceeds of the offering were approximately $1.435 billion. The underwriters have a 30-day option to purchase up to an additional 4,179,678 shares of Springleaf Holdings, Inc.’s common stock from Springleaf Financial Holdings, LLC.  The common stock is listed on the New York Stock Exchange under the symbol “LEAF.”    

Springleaf Holdings, Inc. is a leading consumer finance company providing loan products to customers through its nationwide branch network and online presence. Springleaf Holdings, Inc. operates one of the largest consumer finance branch networks in the United States, serving its customers through approximately 830 branches in 26 states.   

The Davis Polk corporate team included partner Richard D. Truesdell, Jr., counsel Jeff Ramsay and associate Meghan Maloney. Associate Daniel E. Newman provided financial institutions advice. Partner Kathleen L. Ferrell provided tax advice. Members of the Davis Polk team are based in the New York and São Paulo offices.