Genworth Noteholders Shrug Off Consent Pay Offer
August 13, 2019 by Allison Bell
Some holders of notes issued by Genworth Financial Inc. may prefer to keep their notes as is than to get cash up front.
The Richmond, Virginia-based insurer said today that it has ended a “consent solicitation,” or effort to pay the note holders for permission to change the terms of the notes.
Genworth is ending the consent solicitation because too few note holders have agreed to accept the offer, the company said.
Genworth announced the consent solicitation July 24.
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Originally Posted at ThinkAdvisor on August 12, 2019 by Allison Bell.
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