Genworth Financial, Inc. (NYSE: GNW) announced today that it has successfully allocated and priced its proposed $450 million senior secured term loan. The Term Loan will be issued at a price equal to 99.5% of par value and bear interest at a per annum rate equal to the London Interbank Offered Rate plus 4.50%.

The closing of the proposed Term Loan is expected to occur on March 7, 2018 and is subject to customary closing conditions. The proceeds of the Term Loan are expected to be used, together with cash on hand, to repay existing indebtedness and transaction fees and expenses, and could be used to pay Genworth's 6.515% senior unsecured notes due May 2018 (the "2018 Notes").

About Genworth Financial

Genworth Financial, Inc. (NYSE: GNW) is a Fortune 500 insurance holding company committed to helping families achieve the dream of homeownership and address the financial challenges of aging through its leadership positions in mortgage insurance and long term care insurance. Headquartered in Richmond, Virginia, Genworth traces its roots back to 1871 and became a public company in 2004. For more information, visit genworth.com.