Davis Polk advised Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Allen & Company LLC and Barclays Capital, Inc. as joint book-running managers and representatives of the underwriters in connection with the $411.4 million initial public offering of 24,201,920 shares of common stock of Springleaf Holdings, Inc., of which 14,788,439 shares were issued and sold by the Company (including 3,156,772 shares from the full exercise of the underwriters’ over-allotment option) and 9,413,481 shares were sold by the selling stockholders, including certain members of management and Springleaf Financial Holdings, LLC on behalf of an affiliate of American International Group. 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 responsible loan products to customers through its nationwide branch network and through iLoan, its Internet lending division. Springleaf Holdings, Inc. operates one of the largest consumer finance branch networks in the United States, serving its customers through 834 branches in 26 states. Springleaf Holdings, Inc. is a portfolio company of Fortress Investment Group LLC, a leading global investment manager with approximately $54.6 billion of assets under management as of June 30, 2013.

The Davis Polk corporate team included partner Richard D. Truesdell Jr., associates Peter E. Devlin and Branden C. Berns and law clerk Rui (Ray) Xu. Partner Luigi L. De Ghenghi and associate Mark L. Giugliano provided regulatory advice. The tax team included partner Kathleen L. Ferrell and associate Avinash Venkatesh. Counsel Marcie A. Goldstein provided FINRA advice. Sorina Delia Lazar was the legal assistant on the transaction. All members of the Davis Polk team are based in the New York office.