RICHMOND, Va., Dec. 20, 2019 /PRNewswire/ -- Genworth
Financial, Inc. (NYSE: GNW) ("Genworth"), announced today that
Genworth Holdings, Inc. ("Genworth Holdings"), its direct
wholly-owned subsidiary, has issued a notice of redemption for all
of its outstanding 7.700% Senior Notes (the "Notes") due 2020. The
redemption date of the Notes will be January
19, 2020, and the redemption price of the Notes will be 100%
of the principal amount plus a make-whole premium and accrued and
unpaid interest to, but excluding, the redemption date.
The Paying Agent for the redemption of the Notes is The Bank of
New York Mellon Trust Company, N.A., Global Corporate Trust, 111
Sanders Creek Parkway, East Syracuse, New
York 13057.
Genworth will fund the redemption with proceeds from the
previously disclosed sale of its majority interest in Genworth MI
Canada Inc. completed in December
2019.
About Genworth Financial
Genworth Financial, Inc. (NYSE: GNW) is a Fortune 500 insurance
holding company committed to helping families achieve the dream of
homeownership and address the financial challenges of aging through
its leadership positions in mortgage insurance and long-term care
insurance. Headquartered in Richmond,
Virginia, Genworth traces its roots back to 1871 and became
a public company in 2004. For more information, visit
genworth.com.
From time to time, Genworth releases important information via
postings on its corporate website. Accordingly, investors and other
interested parties are encouraged to enroll to receive automatic
email alerts and Really Simple Syndication (RSS) feeds regarding
new postings. Enrollment information is found under the "Investors"
section of genworth.com. From time to time, Genworth's publicly
traded subsidiary, Genworth Mortgage Insurance Australia Limited,
separately releases financial and other information about its
operations. This information can be found at
http://www.genworth.com.au.
Cautionary Note Regarding Forward-Looking
Statements
This press release may contain certain "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements may be identified by
words such as "expects," "intends," "anticipates," "plans,"
"believes," "seeks," "estimates," "will" or words of similar
meaning and include, but are not limited to, statements regarding
the redemption of the 7.700% Senior Notes due 2020. Forward-looking
statements are based on management's current expectations and
assumptions, which are subject to inherent uncertainties, risks and
changes in circumstances that are difficult to predict. Actual
outcomes and results may differ materially from those in the
forward-looking statements due to global political, economic,
business, competitive, market, regulatory and other factors and
risks. We therefore caution you against relying on any
forward-looking statements. We undertake no obligation to publicly
update any forward-looking statement, whether as a result of new
information, future developments or otherwise.
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SOURCE Genworth Financial, Inc.