Friday, November 14, 2008
Genworth Plans to Borrow $930M to Pay Back Debt
Insurer Genworth Financial Inc. said Thursday it plans to borrow $930 million through an existing $1.7 billion credit line to pay off outstanding debt.
The company said it would use the money to pay off senior debt maturing next year. After that, Genworth said it will have no long term debt maturing until 2011, when $694 million in debt and preferred stock matures.
Genworth Plans to Borrow $930M to Pay Back Debt
Source: Yahoo! Finance
The company said it would use the money to pay off senior debt maturing next year. After that, Genworth said it will have no long term debt maturing until 2011, when $694 million in debt and preferred stock matures.
Genworth Plans to Borrow $930M to Pay Back Debt
Source: Yahoo! Finance
Permalink posted by armandn @ 11:39 AM 
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