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Genworth unit to redeem senior notes

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Genworth unit to redeem senior notes

Genworth Holdings Inc., a unit of Genworth Financial Inc., issued a notice to redeem all of its outstanding 7.700% senior notes due 2020.

The redemption date will be Jan. 19, 2020, 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.

Genworth Financial will fund the redemption with proceeds from the previously disclosed sale of its majority interest in Genworth MI Canada Inc. completed in December.

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