Genworth Holdings seeks consent to amend Replacement Capital Covenant for 2066 Note redemptions

GENWORTH FINANCIAL INC

Consent solicitation from holders of $276.1M 6.500% Senior Notes due 2034; expires Oct 18, 2023 at 5:00 PM NY time.
Proposed amendment allows $2,000 of 2066 Notes to be redeemed for each $1,000 of 2034 Notes repaid/repurchased after Oct 23, 2023.
Majority holders agreed to provide consents via Note Repurchase and Consent Agreement; Company to repurchase $13.5M of 2034 Notes from them.
No consent fee offered to holders; Company reserves right to terminate, extend, or amend the solicitation.
Amendment does not modify the 2034 Notes or the governing Indenture.

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