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|Genworth Financial Prices $350 Million Debt Offering|
Richmond, VA (June 5, 2007) – Genworth Financial, Inc. (NYSE: GNW), today announced that it has priced a public offering of five-year senior notes in an aggregate principal amount of $350 million and with an interest rate of 5.650% per year. Genworth intends to use the net proceeds from this offering to repay a portion of its outstanding $500 million LIBOR floating rate senior notes due June 15, 2007, with the remainder to be repaid with cash on hand.
Banc of America Securities LLC, J.P. Morgan Securities Inc. and Wachovia Capital Markets, LLC are joint book-running managers for this offering, which is expected to close on June 12, 2007. Interested parties may obtain a written prospectus relating to the senior notes offering from Banc of America Securities LLC by calling 1-800-294-1322 or by email at email@example.com, from J.P. Morgan Securities Inc., Attn: Investment Grade Syndicate Desk, 270 Park Avenue, New York, NY 10017 or by calling 212-834-4533 (call collect), or from Wachovia Capital Markets, LLC, Attn: High Grade Syndicate Desk, One Wachovia, 301 South College Street, Charlotte, NC 28288 or by calling 1-866-289-1262.
This announcement does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state in which the offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that state.
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