RICHMOND, Va., Sept 14, 2005 /PRNewswire-FirstCall via COMTEX News Network/ -- Genworth Financial
(NYSE: GNW) today announced that it has priced a public offering of ten-year
senior notes in an aggregate principal amount of $350 million and with an
interest rate of 4.95% per year. Genworth intends to use the net proceeds
from this offering to reduce outstanding commercial paper borrowings.
Goldman, Sachs & Co. and Lehman Brothers are joint bookrunning managers
for this offering, which is expected to close on September 19, 2005.
Interested parties may obtain a written prospectus relating to the senior
notes offering from Goldman, Sachs & Co., 85 Broad St., Attn: Prospectus
Department, New York, New York 10004, or from Lehman Brothers Inc., 745
Seventh Avenue, Attn: High Grade Fixed Income Syndicate, New York, New York
10019.
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.
About Genworth Financial
Genworth Financial (NYSE: GNW) is a leading insurance holding company,
serving the lifestyle protection, retirement income, investment and mortgage
insurance needs of more than 15 million customers, with operations in 24
countries, including the U.S., Canada, Australia, the U.K. and more than a
dozen other European countries. The company has more than 6,500 employees
worldwide. For more information, visit http://www.genworth.com.
Caution Concerning Forward-Looking Statements
This document includes certain "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995. These
forward-looking statements include, but are not limited to our plans,
objectives, expectations and intentions and other statements contained in this
report that are not historical facts as well as statements identified by words
such as "expects", "anticipates", "intends", plans", "believes", "seeks",
"estimates", or words of similar meaning. These statements are based on our
current beliefs or expectations and are inherently subject to significant
uncertainties and changes in circumstances, many of which are beyond our
control. Actual results may differ materially from these expectations due to
changes in global political, economic, business, competitive, market and
regulatory factors.
SOURCE Genworth Financial
Investors: Alicia Charity, +1-804-662-2248, or Alicia.Charity@genworth.com; or
Anthony Attard, +1-804-281-6148, or Anthony.Attard@genworth.com; Media: Neal
McGarity, +1-804-662-2534, or Neal.McGarity@genworth.com, all of Genworth Financial
