IEG HOLDINGS CORPORATION (OTCMKTS:IEGH) Files An 8-K Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure.
On November 28, 2016, IEG Holdings Corporation issued a press
release announcing 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. 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.
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.
The press release is being issued 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.
Item 9.01. Financial Statements and
Exhibits.
| (d) | Exhibits. |
| Exhibit No. | Description | |
| 99.1 |
Press release of IEG Holdings Corporation dated November 28, 2016. |
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. IEG HOLDINGS CORPORATION (OTCMKTS:IEGH) Recent Trading Information
IEG HOLDINGS CORPORATION (OTCMKTS:IEGH) closed its last trading session up +1.20 at 5.70 with 912 shares trading hands.
