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 Genworth Retires Debt 

 
Published 6/15/2009 


Genworth Financial Inc. says it has paid off all of its long-term debt that was due this year.

Genworth, Richmond, Va., has retired $331 million in notes that were due today.

In May, Genworth repaid $330 million in other long-term notes.

Genworth now has no long-term debt coming due until 2011.

Genworth also announced that it ended the first quarter with $7.1 billion of cash and cash equivalents, including $768 million at the holding company level. The company says it expects to end the year with about $150 million in cash at the holding company level, whch is in line with its past holding company cash positions.


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    • 6/16/2009 10:39:46 AM
    • Earl Dworkin
    • Good News
    • Yes this is good news for the LTC industry. This is the most positive news coming from Genworth in the past year. It shows their secure and ready to compete with other carriers. Earl Dworkin

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