RICHMOND, Va., Dec.
15, 2021 /PRNewswire/ -- Genworth Financial, Inc. (NYSE: GNW)
("Genworth"), announced today that Genworth Holdings, Inc.
("Genworth Holdings"), its direct wholly-owned subsidiary, has
completed the redemption of all $308
million aggregate principal amount of its outstanding 4.900%
Senior Notes due 2023 (the "Notes"). Cash used for the redemption
was approximately $334 million, which
included the aggregate principal amount of the Notes being
redeemed, plus a make-whole premium and accrued and unpaid interest
to, but excluding, the redemption date of December 15, 2021.
About Genworth Financial
Genworth Financial, Inc.
(NYSE: GNW) is a Fortune 500 provider of products, services and
solutions that help families address the financial challenges of
aging. Headquartered in Richmond,
Virginia, we apply our nearly 150 years of experience each
day to helping people navigate caregiving options and fund their
long term care needs. Genworth is also the parent company of
publicly traded Enact Holdings, Inc. (Nasdaq: ACT), a leading U.S.
mortgage insurance provider. For more information on Genworth,
please visit https://www.genworth.com. From time to time Enact
separately releases financial and other information about its
operations. This information can be found at
https://ir.enactmi.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.
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 4.900% Senior Notes due
2023. 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 Holdings, Inc.