Genworth Completes Redemption of Outstanding 2024 Senior Notes
September 21 2022 - 4:15PM
Business Wire
Genworth Financial, Inc. (NYSE: GNW) announced today that
Genworth Holdings, Inc., its direct wholly-owned subsidiary, has
completed the redemption of all $152 million aggregate principal
amount of its outstanding 4.800% Senior Notes due 2024 (the
“Notes”). Cash used for the redemption was approximately $155
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 September 21,
2022.
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, Genworth applies its 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, visit genworth.com, and for more
information on Enact Holdings, Inc., visit enactmi.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 4.800% Senior Notes due 2024. 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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version on businesswire.com: https://www.businesswire.com/news/home/20220920006298/en/
Investors: Sarah E. Crews InvestorInfo@genworth.com
Media: Amy Rein Amy.Rein@genworth.com
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