IEG Holdings Corp (OTCQB: IEGH) Breaking News -
January 6, 2017
IEG Holdings Corporation
Announces Commencement of Tender Offer for Shares of OneMain Holdings Inc.
LAS VEGAS, NV -- (Marketwired) -- 01/06/2017 -- IEG Holdings
Corporation (OTCQB: IEGH)
(“IEG Holdings”) today announced the commencement of a tender offer to purchase
up to all outstanding shares of common stock of OneMain Holdings Inc., a
NYSE-listed company (“OneMain”); provided, however, that IEG Holdings is willing
to accept any number of shares of OneMain common stock, even if such shares, in
the aggregate, constitute less than a majority of OneMain’s outstanding common
stock.
The offer is scheduled to expire at 12:00 Midnight Eastern time on Monday,
February 6, 2017 unless the offer is extended or earlier terminated.
Consummation of the offer is conditioned upon satisfaction of certain customary
conditions. Shares that are tendered pursuant to a notice of guaranteed delivery
but not actually delivered to the depository and exchange agent for the tender
offer, Computershare Trust Company, N.A., prior to the expiration time of the
offer will not be deemed to be validly tendered into the offer unless and until
such shares underlying such notices of guaranteed delivery are delivered.
Complete terms and conditions of the offer are set forth in the Letter of
Transmittal and other related materials and in the registration statement on
Form S-4, which were filed by IEG Holdings with the Securities and Exchange
Commission (the “SEC”) yesterday.
Copies of the Letter of Transmittal and other related materials are available
free of charge from Georgeson LLC, the information agent for the offer. OneMain
stockholders who have questions regarding the tender offer should contact the
information agent at (800) 279-6913 (toll-free). Computershare Trust Company,
N.A. is acting as depository for the tender offer.
Additional Information
This press release is provided for informational purposes only and does not
constitute an offer to purchase or the solicitation of an offer to sell any
securities. IEG Holdings has filed with the SEC a Registration Statement on Form
S-4 and a Tender Offer Statement on Schedule TO containing a letter of
transmittal and other documents relating to the tender offer. IEG Holdings or
OneMain will mail these documents without charge to OneMain common stockholders.
Investors and stockholders should read those filings carefully as they contain
important information about the tender offer. These documents, as well as IEG
Holdings’ other public filings with the SEC may be obtained without charge at
the SEC’s website at www.sec.gov and at IEG Holdings’ website at
www.investmentevolution.com. The information contained on the SEC’s and IEG
Holdings’ websites is not incorporated by reference in this press release and
should be considered to be a part of this press release. The letter of
transmittal and related materials may also be obtained without charge by
contacting Georgeson LLC, the information agent for the offer, at (800) 279-6913
(toll-free).
About IEG Holdings Corporation
IEG Holdings Corporation provides online unsecured consumer loans under the
brand name, "Mr. Amazing Loans," via its website, www.mramazingloans.com, in 19
US states. IEG Holdings offers $5,000 and $10,000 loans over a term of five
years at a 19.9% to 29.9% APR. IEG Holdings plans future expansion to 25 US
states by mid-2017. For more information about IEG Holdings, visit
www.investmentevolution.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. All statements other than
statements of historical facts included in this press release are
forward-looking statements. In some cases, forward-looking statements can be
identified by words such as "believe," "expect," "anticipate," "plan,"
"potential," "continue" or similar expressions. Such forward-looking statements
include risks and uncertainties, and there are important factors that could
cause actual results to differ materially from those expressed or implied by
such forward-looking statements. These factors, risks and uncertainties are
discussed in IEG Holdings' filings with the SEC. Investors should not place any
undue reliance on forward-looking statements since they involve known and
unknown, uncertainties and other factors which are, in some cases, beyond IEG
Holdings' control which could, and likely will, materially affect actual
results, levels of activity, performance or achievements. Any forward-looking
statement reflects IEG Holdings' current views with respect to future events and
is subject to these and other risks, uncertainties and assumptions relating to
operations, results of operations, growth strategy and liquidity. IEG Holdings
assumes no obligation to publicly update or revise these forward-looking
statements for any reason, or to update the reasons actual results could differ
materially from those anticipated in these forward-looking statements, even if
new information becomes available in the future.
The contents of IEG Holdings’ website referenced herein are not incorporated
into this press release.
Contact:
Company
Paul Mathieson
IEG Holdings Corporation
Chairman/CEO and Founder
info@investmentevolution.com
+1-702-227-5626
Source: IEG Holdings Corp.
__________________________
RECENT IEG Holdings Corp News:
IEG Holdings Corporation
Announces Approval for its 19th US State License
IEGH now offers loans online via www.mramazingloans.com in 19 US states covering
approximately 200 million people and representing 62% of the US population
LAS VEGAS, NV -- (Marketwired) -- 12/22/16 -- IEG Holdings Corporation
(OTCQB: IEGH)
announced today that it has been approved for its 19th State License for Ohio
and has begun offering loans online to residents of Ohio. Ohio is the 7th most
populous state in the US with a population exceeding 11.6 million people. IEGH
now offers loans online via www.mramazingloans.com in 19 US states covering
approximately 200 million people and representing 62% of the US population.
IEGH currently offers $5,000 and $10,000 unsecured consumer loans that mature in
five years, and is licensed and originating direct consumer loans in the states
of Alabama, Arizona, California, Florida, Georgia, Illinois, Kentucky,
Louisiana, Maryland, Missouri, Nevada, New Jersey, New Mexico, Ohio, Oregon,
Pennsylvania, Texas, Utah and Virginia. IEGH provides loans to residents of
these states through its online application portal, with all loans originated,
processed and serviced out of its centralized Las Vegas head office, which
eliminates the need for any physical offices in all of these
states.
Management aims for IEGH to be in a position to offer loans online in 25 US
states by mid-2017, covering approximately 240 million people and representing
75% of the US population. Since January 2014, cumulative loan volume has, in
less than 3 years, increased by 2,302% from $587,000 to $14,099,023 as of
December 21, 2016 after lending a further $80,000 to date in December.
Make sure you are first to receive timely information on IEG Holdings when it
hits the newswire by signing up for IEG Holdings' email news alert system at
http://www.investmentevolution.com/alerts.
About IEG Holdings Corporation
IEG Holdings Corporation (IEGH) ("IEG Holdings") provides online unsecured
consumer loans under the brand name, "Mr. Amazing Loans," via its website,
www.mramazingloans.com, in 19 US states. IEG Holdings offers $5,000 and $10,000
loans over a term of five years at a 19.9% to 29.9% APR. IEG Holdings plans
future expansion to 25 US states by mid-2017. For more information about IEG
Holdings, visit www.investmentevolution.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. All statements other than
statements of historical facts included in this press release are
forward-looking statements. In some cases, forward-looking statements can be
identified by words such as "believe," "expect," "anticipate," "plan,"
"potential," "continue" or similar expressions. Such forward-looking statements
include risks and uncertainties, and there are important factors that could
cause actual results to differ materially from those expressed or implied by
such forward-looking statements. These factors, risks and uncertainties are
discussed in IEG Holdings' filings with the Securities and Exchange Commission.
Investors should not place any undue reliance on forward-looking statements
since they involve known and unknown, uncertainties and other factors which are,
in some cases, beyond IEG Holdings' control which could, and likely will,
materially affect actual results, levels of activity, performance or
achievements. Any forward-looking statement reflects IEG Holdings' current views
with respect to future events and is subject to these and other risks,
uncertainties and assumptions relating to operations, results of operations,
growth strategy and liquidity. IEG Holdings assumes no obligation to publicly
update or revise these forward-looking statements for any reason, or to update
the reasons actual results could differ materially from those anticipated in
these forward-looking statements, even if new information becomes available in
the future.
The contents of IEG Holdings' website referenced herein are not incorporated
into this press release.
Contact:
Company
Paul Mathieson
IEG Holdings Corporation
Chairman/CEO and Founder
info@investmentevolution.com
+1-702-227-5626
Source: IEG Holdings Corp.
IEG Holdings Corporation
(IEGH) Increases Loan Volumes to New Record High and Reiterates Upgraded First
Quarter 2017 Earnings/Dividend Guidance
LAS VEGAS, NV -- (Marketwired) -- 12/14/16 -- IEG Holdings Corporation
(OTCQB: IEGH) today
released the update below to summarize its current short-term plans and outlook.
Record High Loan Volumes
IEG Holdings Corporation has provided a further $60,000 in new consumer loans to
date in December. Since January 2015, cumulative loan volume has increased by
154% from $5,549,023 to $14,079,023 as at December 13, 2016.
First Quarter 2017 Earnings Guidance
Effective January 1, 2017, management will fully implement the significant cuts
to consulting fees, salaries/compensation and other operating expenses that were
previously discussed in IEGH's November 3, 2016 corporate strategy update.
As a result of these cuts, management now forecasts a small inaugural net profit
and a positive operating cash flow position for the three months ending March
31, 2017. IEGH is in the strongest fundamental position in its history of
operation in the US and management is very confident in its short, medium and
long-term prospects.
Dividend Policy and Capital Management Policy Changes
In light of IEGH's anticipated improvements in financial position, IEGH will
change its dividend policy in 2017. IEGH intends to pay a small dividend to
shareholders in April 2017 after its first quarter 2017 results are released and
expects to pay ongoing regular quarterly dividends.
In addition to the change in dividend policy, IEGH plans to investigate capital
management policy changes in the short-term, including potential stock
repurchases.
12% Senior Unsecured Notes
IEG Holdings Corporation has launched its private offering of up to $10 million
aggregate principal amount of its 12% senior unsecured notes due December 31,
2026 (the "Notes"), on a self-underwritten basis. There can be no assurance that
the private offering of Notes will be completed. IEGH intends to use the net
proceeds of the offering to increase the size of its loan book.
The Notes will be offered in a private offering exempt from the registration
requirements of the Securities Act of 1933, as amended (the "Securities Act").
The Notes will not be or have not been registered under the Securities Act and
may not be
offered or sold in the United States absent registration or an applicable
exemption from the registration requirements.
This press release is being issued pursuant to Rule 135c under the Securities
Act, and is neither an offer to sell nor a solicitation of an offer to buy the
Notes or any other securities and shall not constitute an offer to sell or a
solicitation of an offer to buy, or a sale of, the Notes or any other securities
in any jurisdiction in which such offer, solicitation or sale is unlawful.
Make sure you are first to receive timely information on IEG Holdings when it
hits the newswire by signing up for IEG Holdings' email news alert system at
http://www.investmentevolution.com/alerts.
About IEG Holdings CorporationIEG Holdings Corporation (IEGH) ("IEG Holdings")
provides online unsecured consumer loans under the brand name, "Mr. Amazing
Loans," via its website, www.mramazingloans.com, in 18 US states. IEG Holdings
offers $5,000 and $10,000 loans over a term of five years at a 19.9% to 29.9%
APR. IEG Holdings plans future expansion to 25 US states by mid-2017. For more
information about IEG Holdings, visit www.investmentevolution.com.
Forward-Looking StatementsThis press release contains forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. All statements
other than statements of historical facts included in this press release are
forward-looking statements. In some cases, forward-looking statements can be
identified by words such as "believe," "expect," "anticipate," "plan,"
"potential," "continue" or similar expressions. Such forward-looking statements
include risks and uncertainties, and there are important factors that could
cause actual results to differ materially from those expressed or implied by
such forward-looking statements. These factors, risks and uncertainties are
discussed in IEG Holdings' filings with the Securities and Exchange Commission.
Investors should not place any undue reliance on forward-looking statements
since they involve known and unknown, uncertainties and other factors which are,
in some cases, beyond IEG Holdings' control which could, and likely will,
materially affect actual results, levels of activity, performance or
achievements. Any forward-looking statement reflects IEG Holdings' current views
with respect to future events and is subject to these and other risks,
uncertainties and assumptions relating to operations, results of operations,
growth strategy and liquidity. IEG Holdings assumes no obligation to publicly
update or revise these forward-looking statements for any reason, or to update
the reasons actual results could differ materially from those anticipated in
these forward-looking statements, even if new information becomes available in
the future.
The contents of IEG Holdings' website referenced herein are not incorporated
into this press release.
Contact:
Company
Paul Mathieson
IEG Holdings Corporation
Chairman/CEO and Founder
info@investmentevolution.com
+1-702-227-5626
Source: IEG Holdings Corp.
IEG Holdings Corporation
Surpasses $14 million US Cumulative Loan Volume Level
LAS VEGAS, NV -- (Marketwired) -- 12/01/16 -- IEG Holdings Corporation
(OTCQB: IEGH)
announced today that it provided a further $120,000 in new consumer loans in
November. Since January 2015, cumulative loan volume has increased by 153% from
$5,549,023 to $14,019,023 as of November 30, 2016.
Make sure you are first to receive timely information on IEG Holdings when it
hits the newswire by signing up for IEG Holdings' email news alert system at
http://www.investmentevolution.com/alerts.
About IEG Holdings Corporation
IEG Holdings Corporation (IEGH) ("IEG Holdings") provides online unsecured
consumer loans under the brand name, "Mr. Amazing Loans," via its website,
www.mramazingloans.com, in 18 US states. IEG Holdings offers $5,000 and $10,000
loans over a term of five years at a 19.9% to 29.9% APR. IEG Holdings plans
future expansion to 25 US states by mid-2017. For more information about IEG
Holdings, visit www.investmentevolution.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. All statements other than
statements of historical facts included in this press release are
forward-looking statements. In some cases, forward-looking statements can be
identified by words such as "believe," "expect," "anticipate," "plan,"
"potential," "continue" or similar expressions. Such forward-looking statements
include risks and uncertainties, and there are important factors that could
cause actual results to differ materially from those expressed or implied by
such forward-looking statements. These factors, risks and uncertainties are
discussed in IEG Holdings' filings with the Securities and Exchange Commission.
Investors should not place any undue reliance on forward-looking statements
since they involve known and unknown, uncertainties and other factors which are,
in some cases, beyond IEG Holdings' control which could, and likely will,
materially affect actual results, levels of activity, performance or
achievements. Any forward-looking statement reflects IEG Holdings' current views
with respect to future events and is subject to these and other risks,
uncertainties and assumptions relating to operations, results of operations,
growth strategy and liquidity. IEG Holdings assumes no obligation to publicly
update or revise these forward-looking statements for any reason, or to update
the reasons actual results could differ materially from those anticipated in
these forward-looking statements, even if new information becomes available in
the future.
The contents of IEG Holdings' website referenced herein are not incorporated
into this press release.
Contact:
Company
Paul Mathieson
IEG Holdings Corporation
Chairman/CEO and Founder
info@investmentevolution.com
+1-702-227-5626
Source: IEG Holdings Corp.
Paul Mathieson, IEG Holdings
Corporation Chairman, Announces Private Offering of $10 Million 12% 10-Year,
Unsecured Notes
LAS VEGAS, NV -- (Marketwired) -- 11/28/16 -- IEG Holdings Corporation
(OTCQB: IEGH)
announced today the launch of its private offering of up to $10 million
aggregate principal amount of its 12% senior unsecured notes due December 31,
2026 (the "Notes"), on a self-underwritten basis. There can be no assurance that
the private offering of Notes will be completed. IEGH intends to use the net
proceeds of the offering to increase the size of its loan book.
The Notes will be offered in a private offering exempt from the registration
requirements of the Securities Act of 1933, as amended (the "Securities Act").
The Notes will not be or have not been registered under the Securities Act and
may not be offered or sold in the United States absent registration or an
applicable exemption from the registration requirements.
This press release is being issued pursuant to Rule 135c under the Securities
Act, and is neither an offer to sell nor a solicitation of an offer to buy the
Notes or any other securities and shall not constitute an offer to sell or a
solicitation of an offer to buy, or a sale of, the Notes or any other securities
in any jurisdiction in which such offer, solicitation or sale is
unlawful.
Make sure you are first to receive timely information on IEG Holdings when it
hits the newswire by signing up for IEG Holdings' email news alert system at
http://www.investmentevolution.com/alerts.
About IEG Holdings Corporation
IEG Holdings Corporation (IEGH) ("IEG Holdings") provides online unsecured
consumer loans under the brand name, "Mr. Amazing Loans," via its website,
www.mramazingloans.com, in 18 US states. IEG Holdings offers $5,000 and $10,000
loans over a term of five years at a 19.9% to 29.9% APR. IEG Holdings plans
future expansion to 25 US states by mid-2017. For more information about IEG
Holdings, visit www.investmentevolution.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. All statements other than
statements of historical facts included in this press release are
forward-looking statements. In some cases, forward-looking statements can be
identified by words such as "believe," "expect," "anticipate," "plan,"
"potential," "continue" or similar expressions. Such forward-looking statements
include risks and uncertainties, and there are important factors that could
cause actual results to differ materially from those expressed or implied by
such forward-looking statements. These factors, risks and uncertainties are
discussed in IEG Holdings' filings with the Securities and Exchange Commission.
Investors should not place any undue reliance on forward-looking statements
since they involve known and unknown, uncertainties and other factors which are,
in some cases, beyond IEG Holdings' control which could, and likely will,
materially affect actual results, levels of activity, performance or
achievements. Any forward-looking statement reflects IEG Holdings' current views
with respect to future events and is subject to these and other risks,
uncertainties and assumptions relating to operations, results of operations,
growth strategy and liquidity. IEG Holdings assumes no obligation to publicly
update or revise these forward-looking statements for any reason, or to update
the reasons actual results could differ materially from those anticipated in
these forward-looking statements, even if new information becomes available in
the future.
The contents of IEG Holdings' website referenced herein are not incorporated
into this press release.
Contact:
Company
Paul Mathieson
IEG Holdings Corporation
Chairman/CEO and Founder
info@investmentevolution.com
+1-702-227-5626
Source: IEG Holdings Corp.
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About IEG Holdings Corp:
Overview
IEG Holdings Corp. provides $5,000 and $10,000 online personal loans in the
United States. Founder/CEO Paul Mathieson established a similar business in
Australia that lent ~$48m to over 11,500 customers prior to moving to the United
States in 2008 to replicate the successful business model. Loans are offered
online in the US via IEGH's state licensed operating subsidiary Investment
Evolution Corporation under the consumer brand "Mr. Amazing Loans".
The Group is headquartered in Las Vegas, Nevada and originates direct consumer
installment loans online to residents of Alabama, Arizona, California, Florida,
Georgia, Illinois, Kentucky, Louisiana, Missouri, Nevada, New Jersey, New
Mexico, Oregon, Pennsylvania, Texas, Utah and Virginia. Investment Evolution
Corporation holds state licenses and/or certificates of authority to lend in
these sixteen states and offers all loans within the prevailing statutory rates.
IEGH plans to increase US population coverage to 25 US states encompassing ~75%
of US market by obtaining 8 additional US online state licenses during 2016
including New York and Ohio.
Management Team
Paul Mathieson
Founder, Executive Chairman & CEO
Paul Mathieson
Mr. Mathieson has served as the Chief Executive Officer and member of our board
of directors since 2012 and a member of the board of directors of our subsidiary
since 2009. In 2005, Mr. Mathieson founded IEG Holdings Limited in Sydney,
Australia which launched the Amazing Loans business in Australia in 2005 and the
Mr. Amazing Loans business in the United States via IEGC in 2010. In recognition
of IEG Holdings Limited's success, Mr. Mathieson was awarded Ernst & Young's
2007 Australian Young Entrepreneur of the Year (Eastern Region). Mr. Mathieson
has over 19 years finance industry experience in lending, funds management,
stock market research and investment banking. His career has included positions
as Financial Analyst/Institutional Dealer with Daiwa Securities from 1995 to
1995, Head of Research for Hogan & Partners from 1995 to 2000, and Stockbroker
and Investment Banking Associate with ING Barings from 2000 to 2001. In
addition, from 2002 to 2010, Mr. Mathieson was the Founder and Managing Director
of IE Portfolio Warrants, a funds management business that offered high return
and leveraged structured Australian equities products. Mr. Mathieson received a
Bachelor of Commerce from Bond University, Queensland, Australia in 1994 and a
Master's Degree of Applied Finance from Macquarie University, New South Wales,
Australia in 2000.
Carla Cholewinski
Chief Operating Officer
Ms. Cholewinski has served as our Chief Operating Officer since 2008 and has
over 37 years’ experience in the finance industry including banking, credit
union management, regulatory oversight, debt securitization and underwriting.
Her career has included positions as Vice President and Branch Manager at
Glendale Federal Bank from 1976 to 1986, Vice President and District Sales and
Lending Manager with California Federal Bank from 1986 to 1992, Mortgage Banker
with First Choice Financial Services from 1992 to 1995, Corporate Vice President
of Lending and Collections with WesStar Credit Union from 1995 to 1999, Chief
Lending Officer for American Corp & Funding from 1999 to 2000, Chief Credit
Officer for Security State Savings Bank from 2000 to 2004, and Chief Credit
Officer for Fifth Street Bank from 2004 to 2008. Since 2008, Ms. Cholewinski has
served as our Chief Operating Officer and Chief Credit Officer and has utilized
her extensive finance, banking and regulatory experience to grow the business
from initial launch to our current level of operations.
Mr. Amazing Loans
Mr. Amazing Loans is a leading Fintech company which specializes in $5,000 and
$10,000 online unsecured personal loans. Mr. Amazing Loans' personal loan
products are offered online via its website www.mramazingloans.com and are
currently available to residents of Alabama, Arizona, California, Florida,
Georgia, Illinois, Kentucky, Louisiana, Missouri, Nevada, New Jersey, New
Mexico, Oregon, Pennsylvania, Texas, Utah and Virginia. The Company holds state
licenses and/or certificates of authority to lend in these seventeen states and
is recognized as a personal loan provider with quality, professionalism and
ethical practice.
.SOURCE: http://investmentevolution.com
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IEG Holdings Corp coverage by
the company. FNMG HOLDS NO SHARES OF IEG Holdings Corp
This release contains "forward-looking statements" within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E the Securities
Exchange Act of 1934, as amended and such forward-looking statements are made
pursuant to the safe harbor provisions of the Private Securities Litigation
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