Genworth (GNW) Retires 2009 Long-Term Debt
Down)
Genworth Financial (NYSE: GNW) retired the balance of its remaining 2009 long-term debt obligations.
Genworth has repaid in full $331 million of outstanding 4.750% Notes due on June 15, 2009. Last month, Genworth repaid $330 million of 5.231% Senior Notes that were due in May 2009. Genworth now has no long-term debt maturities until 2011.
Genworth ended the most recent quarter with a total of $7.1 billion of cash and cash equivalents including $768 million at the holding company level. Also, Genworth expects to dividend an additional $200 million from non-U.S. subsidiaries to the holding company during 2009 and to end the year with holding company cash of approximately $150 million, in line with historic levels.
Genworth has repaid in full $331 million of outstanding 4.750% Notes due on June 15, 2009. Last month, Genworth repaid $330 million of 5.231% Senior Notes that were due in May 2009. Genworth now has no long-term debt maturities until 2011.
Genworth ended the most recent quarter with a total of $7.1 billion of cash and cash equivalents including $768 million at the holding company level. Also, Genworth expects to dividend an additional $200 million from non-U.S. subsidiaries to the holding company during 2009 and to end the year with holding company cash of approximately $150 million, in line with historic levels.
You May Also Be Interested In
- ONEOK (OKE) Sees Stronger Growth in 2012 - 14; Looks for 40% Increase in Dividend
- QLT Inc. (QLTI) Issues Response to Nordic Biotech Notification on Board Nominees
- SEI Investments Co (SEIC) Declares $0.15 Quarterly Dividend; 3.3% Yield
Create E-mail Alert Related Categories
Corporate News, DividendsRelated Entities
DividendSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
