Investor Presentaiton
OMFIT 2023-2 overview
Capital Structure¹
Class A
$1,002,230,000
64.00%
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OMFIT 2023-2 represents the 21st transaction from the OMFIT shelf since the program's inception in 2014
Compliant with US Risk Retention and EU/UK² Risk Retention requirements
The Notes are issued from a discrete trust with a 3-year revolving period
Subject to eligibility criteria and concentration limits
All Notes, with the exception of the A-2 Note, will be fixed rate Notes. The Class A-2 Notes will be floating
rate SOFR Notes
The Notes may be optionally called by the Issuer on or after the Payment Date occurring in September
2026 at a redemption price equal to 101% of the Aggregate Note Balance plus accrued interest,
coinciding with the end of the revolving period August 31, 2026
If optional redemption not exercised, the Notes will amortize sequentially
Credit enhancement will consist of subordinated Notes, overcollateralization,
a cash reserve account and excess spread
Total Hard Credit Enhancement (% of Collateral):
Class A: 36.45%
Class B: 26.95%
Class B $148,770,000
9.50%
Class C $95,530,000
6.10%
Class D $153,470,000
9.80%
Initial OC $166,010,733
10.60%
Reserve Account $7,000,000
0.50%³
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OneMain Financial.
1. Shown as a percentage of total collateral balance.
2. Article 6(3)(d) retention/No Article 7 compliance.
3. Percent of initial note balance.
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Class C: 20.85%
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- Class D: 11.05%
In addition, initial excess spread for the transaction is estimated to be 14.25% per annum
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