v3.25.2
Long-term Debt
 6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Long-term Debt
6. Long-term Debt

Principal maturities of long-term debt by type of debt at June 30, 2025 were as follows:
Senior Debt
(dollars in millions)Securitizations
Private Secured Term Funding
Revolving
Conduit
Facilities		Unsecured
Notes (a)		Junior
Subordinated
Debt (a)		Total
Interest rates (b)
0.87%-10.98%
5.38%
5.46%
3.50%-9.00%
6.27 %
Remainder of 2025$— $— $— $— $— $— 
2026— — — 424 — 424 
2027— — — 750 — 750 
2028— — — 1,350 — 1,350 
2029— — — 2,322 — 2,322 
2030-2067— — — 4,442 350 4,792 
Secured (c)12,372 350 1 — — 12,723 
Total principal maturities$12,372 $350 $1 $9,288 $350 $22,361 
Total carrying amount$12,328 $349 $1 $9,203 $172 $22,053 
Debt issuance costs (d)(41)(1)— (80)— (122)
(a) Pursuant to the Base Indenture, the Supplemental Indentures, and the Guaranty Agreements, OMH agreed to fully and unconditionally guarantee, on a senior unsecured basis, payments of principal, premium and interest on the Unsecured Notes and Junior Subordinated Debenture. The OMH guarantees of OMFC’s long-term debt are subject to customary release provisions.
(b) The interest rates shown are the range of contractual rates in effect at June 30, 2025.
(c) Securitizations, private secured term funding, and borrowings under the revolving conduit facilities are not included in the above maturities by period due to their variable monthly repayments, which may result in pay-off prior to the stated maturity date. See Note 7 for further information on our long-term debt associated with securitizations, private secured term funding, and revolving conduit facilities.
(d) Debt issuance costs are reported as a direct reduction from long-term debt, with the exception of debt issuance costs associated with our revolving conduit facilities, credit card revolving variable funding note (“VFN”) facilities, and unsecured corporate revolver, which totaled $34 million at June 30, 2025 and are reported in Other assets in our condensed consolidated balance sheets.


UNSECURED CORPORATE REVOLVER

At June 30, 2025, the total maximum borrowing capacity of our unsecured corporate revolver was $1.1 billion. The corporate revolver has a five-year term, during which draws and repayments may occur. Any outstanding principal balance is due and payable on September 6, 2029.