Genworth Filings Could Ease Sale of Genworth Canada
July 26, 2019 by Allison Bell
Genworth Financial Inc. is taking a public step toward selling its Canadian mortgage insurance business, and its mortgage insurance businesses elsewhere in the world.
The Richmond, Virginia-based company has announced an effort to change the terms governing $3.2 billion in notes.
The effort — a consent solicitation — would give Genworth official authorization, under the terms of notes’ “indentures,” to sell all or part of the company’s non-U.S. mortgage insurance businesses and assets, including the Genworth Canada business.