IEG HOLDINGS CORPORATION (OTCMKTS:IEGH) Files An 8-K Regulation FD Disclosure
|Regulation FD Disclosure.|
On June 16, 2017, IEG Holdings Corporation (IEG Holdings) issued
a press release announcing that it has successfully closed its
tender offer to purchase shares of OneMain Holdings Inc.
(OneMain), with 151,994 OneMain shares acquired (valued at an
aggregate of $3.6 million based on the closing price of shares of
OneMain common stock of $23.38 on June 15, 2017) in exchange for
3,039,880 shares of IEG Holdings common stock. A copy of this
press release is attached hereto as Exhibit 99.1 and incorporated
herein by reference. The information contained in the website is
not a part of this current report on Form 8-K.
|Item 9.01.||Financial Statements and Exhibits.|
Press release of IEG Holdings Corporation dated June 16,
About IEG HOLDINGS CORPORATION (OTCMKTS:IEGH)
IEG Holdings Corporation is a consumer finance company. The Company is engaged in the business of providing unsecured consumer loans ranging from $2,000 to $10,000. The Company operates in Consumer Loans segment. It offers loans online under the consumer brand Mr. Amazing Loans through its Website and online application portal at www.mramazingloans.com. It has obtained additional state lending licenses, and are licensed and originating direct consumer loans in the states of Alabama, Arizona, California, Florida, Georgia, Illinois, Kentucky, Louisiana, Missouri, Nevada, New Jersey, New Mexico, Oregon, Pennsylvania, Texas, Utah and Virginia. It has approximately 80 loans in default representing over 4.81% of the number of loans in its active portfolio. Its subsidiaries include Investment Evolution Corporation, which holds state licenses, leases, employee contracts, and other operating and administrative expenses, and IEC SPV, LLC, which is a bankruptcy remote special purpose vehicle.