By Andrea Heisinger
New York, March 22 - Genworth Financial, Inc. sold an upsized $400 million of 7.625% 10-year senior notes (Baa3/BBB/) on Tuesday, according to a press release.
Full terms were not available at press time.
Deutsche Bank Securities Inc. and Goldman Sachs & Co. were the bookrunners.
Co-managers were Credit Suisse Securities (USA) LLC and U.S. Bancorp Investments Inc.
Proceeds are being used for general corporate purposes.
The financial security and insurance company is based in Richmond, Va.
| Issuer: | Genworth Financial, Inc.
|
| Issue: | Senior notes
|
| Amount: | $400 million, increased from $250 million
|
| Maturity: | 2021
|
| Bookrunners: | Deutsche Bank Securities Inc., Goldman Sachs & Co.
|
| Co-managers: | Credit Suisse Securities (USA) LLC, U.S. Bancorp Investments Inc.
|
| Coupon: | 7.625%
|
| Trade date: | March 22
|
| Ratings: | Moody's: Baa3
|
| Standard & Poor's: BBB
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
