Insurer Genworth Financial Retires $331M Of Debt
Tuesday, Jun 16,2009, 11:10:43 AM Click:
The Richmond, Va.-based provider of mortgage and life insurance said it paid $331 million on its senior notes due Monday. Genworth has no long-term debt maturities until 2011, the company said.
The company reaffirmed that it expects to dividend an extra $200 million from non-U.S. subsidiaries this year to the holding company, which would end 2009 with about $150 million. The holding company had $768 million in cash and equivalents at the end of the most recent quarter.
Genworth shares closed Friday at $6.73.
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