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Insurer Genworth Financial retires $331M of debt (AP)
Mon, 15 Jun 2009 13:23:53 Etc/GM
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.
source: http://biz.yahoo.com/ap/090615/us_genworth_financial_debt.html?.v=1