Richmond, Va.-based Genworth Financial Inc. says it has retired the balance of its remaining 2009 long-term debt obligations.
The company said it repaid $331 million of outstanding notes, which were due on June 15. Last month, the company repaid $330 million of notes that were due.
These moves to strengthen the balance sheet come after Genworth’s failed attempt to receive funds from the U.S. Treasury Department’s Troubled Asset Relief Program earlier this year.
Genworth says it ended this quarter with a total of $7.1 billion of cash and cash equivalents including $768 million at the holding company level.
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