RICHMOND, Va., Oct. 4, 2018 /PRNewswire/ — Genworth Holdings, Inc. (the “Company”), a absolute wholly-owned accessory of Genworth Financial, Inc. (GNW), today appear that it has accustomed and accustomed the requisite consents with account to its ahead appear accord abode proposing assertive amendments to the acknowledgment (the “Indenture”) administering the Company’s outstanding chief addendum set alternating in the table below.
Outstanding Arch Bulk
Description of Balance
7.700% Chief Addendum due June 2020
7.20% Chief Addendum due February 2021
7.625% Chief Addendum due September 2021
4.900% Chief Addendum due August 2023
4.800% Chief Addendum due February 2024
6.500% Chief Addendum due June 2034
The accord abode asleep at 5:00 p.m., New York City time, on October 3, 2018. As of the cessation time, the Aggregation had accustomed the accord of holders of at atomic a majority in accumulated arch bulk outstanding of anniversary alternation of addendum outstanding beneath the Indenture. These consents may not be revoked.
Pursuant to the agreement and accountable to the altitude set alternating in the accord abode account ahead broadcast to holders of the notes, the Aggregation will pay a accord fee of $2.50 per $1,000 in arch bulk of addendum to any holder who validly delivered a appropriately accomplished accord above-mentioned to the cessation time that was not appropriately revoked.
With account to any accord in account of a alternation of addendum accustomed by the Company, the Aggregation will additionally pay the accordant soliciting abettor a fee of $2.50 per $1,000 arch bulk of addendum of such alternation to which the accord relates, provided that such fee will alone be paid with account to the aboriginal $200,000 accumulated arch bulk of anniversary alternation of addendum for which a accord is provided by any alone holder.
The Aggregation currently anticipates absolute fees accompanying to the accord abode to be about $11 million, across-the-board of consent, abettor and advance cyberbanking fees.
The Aggregation has accomplished a added acknowledgment to the acknowledgment administering its chief addendum to accord aftereffect to the amendments proposed by the accord solicitation, which will become accessible aloft the acquittal of the accord fee. The added acknowledgment binds all holders of the Company’s chief notes, including those that did not accord their consent, but holders who did not bear consents above-mentioned to the cessation time (or delivered consents but appropriately revoked them) will not accept accord fees.
Questions apropos the agreement of the accord abode should be directed to the abode agent, Merrill Lynch, Pierce, Fenner and Smith Incorporated by blast at (888) 292-0070 or aggregate (980) 388-4813. Requests for abetment in appointment a accord or requests for added copies of the accord abode account or added accompanying abstracts should be directed to the advice abettor by blast at (212) 430-3774 (Banks and Brokers) or (866) 470-3900 (toll free), in autograph at 65 Broadway – Suite 404, New York, New York 10006 and via email at [email protected]
Important apprehension This advertisement does not aggregate an action to sell, or the abode of an action to buy, any securities. The accord abode is not actuality fabricated in any administration in which, or to or from any actuality to or from whom, it is actionable to accomplish such solicitations beneath applicative accompaniment or balance laws. No advocacy is actuality fabricated as to whether holders of the addendum should accord to the proposed amendments. The accord abode is actuality fabricated alone pursuant to the agreement of the accord abode account and accompanying materials. Holders of the addendum should anxiously apprehend the accord abode account and accompanying materials, as they accommodate important information.
About Genworth Banking Genworth Financial, Inc. (GNW) is a Fortune 500 allowance captivation aggregation committed to allowance families accomplish the dream of homeownership and abode the banking challenges of crumbling through its administration positions in mortgage allowance and abiding affliction insurance. Headquartered in Richmond, Virginia, Genworth traces its roots aback to 1871 and became a accessible aggregation in 2004. For added information, appointment genworth.com.
From time to time, Genworth releases important advice via postings on its accumulated website. Accordingly, investors and added absorbed parties are encouraged to accept to accept automated email alerts and Really Simple Syndication (RSS) feeds apropos new postings. Enrollment advice is begin beneath the “Investors” area of genworth.com. From time to time, Genworth’s about traded subsidiaries, Genworth MI Canada Inc. and Genworth Mortgage Allowance Australia Limited, alone absolution banking and added advice about their operations. This advice can be begin at http://genworth.ca and http://www.genworth.com.au.
Cautionary Note Apropos Forward-Looking Statements This columnist absolution may accommodate assertive “forward-looking statements” aural the acceptation of the Private Balance Litigation Reform Act of 1995. Advanced statements may be articular by words such as “expects,” “intends,” “anticipates,” “plans,” “believes,” “seeks,” “estimates,” “will” or words of agnate acceptation and include, but are not bound to, statements apropos the angle for our approaching business and banking performance, the achievement of the accord abode and the achievement of any altitude apropos to the acquittal of any accord fee. Advanced statements are based on management’s accepted expectations and assumptions, which are accountable to inherent uncertainties, risks and changes in affairs that are difficult to predict, including the achievement of the altitude declared herein. Actual outcomes and after-effects may alter materially from those in the advanced statements due to all-around political, economic, business, competitive, market, authoritative and added factors and risks. We accordingly attention you adjoin relying on any advanced statements. We undertake no obligation to about amend any advanced statement, whether as a aftereffect of new information, approaching developments or otherwise.
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