RICHMOND, Va., Dec. 17, 2015 /PRNewswire/ -- Genworth
Financial, Inc. (NYSE: GNW) announced today that it has issued a
notice of redemption for all of its outstanding 8.625% Senior Notes
(the Notes) due 2016. The redemption date of the notes will be
January 19, 2016, 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 sale of
its lifestyle protection insurance business completed in
December 2015, consistent with the
company's objective to increase the financial flexibility and
strength of Genworth.
About Genworth Financial
Genworth Financial, Inc. (NYSE: GNW) is a leading Fortune 500
insurance holding company committed to helping families become more
financially secure, self-reliant and prepared for the future.
Genworth has leadership positions in mortgage insurance and long
term care insurance and product offerings in life insurance and
fixed annuities that assist consumers in solving their home
ownership, insurance and retirement needs. 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 subsidiaries, Genworth MI Canada Inc. and Genworth
Mortgage Insurance Australia Limited, separately release financial
and other information about their operations. This information can
be found at http://genworth.ca and
http://www.genworth.com.au.
Cautionary Note Regarding Forward-Looking Statements
This press release contains 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 8.625% Senior Notes due 2016. 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 due to global political,
economic, business, competitive, market, regulatory and other
factors and risks, including the items identified under "Part
I—Item 1A—Risk Factors" of our Annual Report on Form 10-K for the
year ended December 31, 2014, filed with the Securities and
Exchange Commission (SEC) on March 2,
2015 and as updated in Genworth's Form 10-Qs filed with the
SEC on April 29, 2015, August 5, 2015 and October
30, 2015.
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.