Genworth holders tender $193.41 million 5.75% notes by early deadline

By Susanna Moon

Chicago, Nov. 19 - Genworth Financial, Inc. said investors tendered $193,411,000 of its $600 million of 5.75% notes due 2014 by 5 p.m. ET on Nov. 16, the early tender date.

As reported, the company began a modified Dutch auction tender offer on Nov. 2 for up to $100 million of the notes.

The offer will continue to run until 11:59 p.m. ET on Dec. 3.

The total payment range is $1,035 to $1,070 per $1,000 principal amount, including a $30 early tender payment for notes tendered by the early date.

Holders must specify the price they would be willing to receive in exchange for each $1,000 principal amount of tendered notes. Those who do not specify a price will be deemed to have submitted the minimum bid price.

Goldman, Sachs & Co. (800 828-3182 or call collect 212 902-5183) is the dealer manager. Global Bondholder Services Corp. (212 430-3774 or 866 937-2200) is the information agent.

Genworth Life Insurance is a subsidiary of Genworth Financial, Inc., a financial security and insurance company based in Richmond, Va.

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