Genworth Holdings plans to redeem all 7.7% senior notes due 2020

By Rebecca Melvin

New York, Dec. 20 – Genworth Holdings Inc., a subsidiary of Genworth Financial Inc., called all of its outstanding 7.7% senior notes due 2020, according to a press release.

The notes will be redeemed at par plus a make-whole premium and accrued interest on Jan. 19.

Genworth said it will fund the redemption with proceeds from the previously disclosed sale of its majority interest in Genworth MI Canada Inc., which was completed this month.

Bank of New York Mellon Trust Co., NA is the paying agent.

The financial security company is based in Richmond, Va.

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