Subsequent Events

12 Months Ended

Dec. 31, 2012

Subsequent Events

Subsequent Events

27. Subsequent Events

CESSATION OF PURCHASES OF RETAIL SALES FINANCE RECEIVABLES

Effective January 16, 2013, we ceased purchasing retail sales finance receivables so that we could focus our lending efforts on personal loans.

SECURITIZATION

On February 19, 2013, SLFC effected a private securitization transaction in which SLFC caused Tenth Street Funding LLC (Tenth Street), a special purpose vehicle wholly owned by SLFC, to sell $567.9 million of notes backed by personal loans of Springleaf Funding Trust 2013-A (the 2013-A Trust), at a 2.83% weighted average yield, to certain investors. Tenth Street sold the asset-backed notes for $567.5 million, after the price discount but before expenses and a $6.6 million interest reserve requirement of the transaction. 2013-A Trust subordinate asset-backed notes totaling $36.4 million were initially retained by Tenth Street.