Genworth to redeem majority of 4.95% notes due 2015 via offering

By Tali David

Minneapolis, Aug. 5 - Genworth Holdings, Inc. plans to redeem most of the outstanding aggregate principal amount of its 4.95% senior notes due 2015 with the proceeds of a new note offering, according to a 424B2 filed with the Securities and Exchange Commission.

Proceeds will also be used to pay related premium and accrued interest on the notes. The remainder, if any, will be used for general corporate purposes, which may include the redemption or repurchase of debt, including more 2015 notes.

Genworth is a financial security and insurance company based in Richmond, Va.

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