Genworth MI – Q3-2018: Steady with a signaled capital distribution | Value Investing News

Genworth MI – Q3-2018: Steady with a signaled capital distribution

  • I do not currently hold shares in Genworth MI.
  • The company bought back $50 million of stock (1.11 million shares) during the quarter.
  • The company also increased its credit facility from $200 million to $300 million, which they have left untapped, but this was because of their upcoming debt maturity (5.68% coupon) in June 2020 of $275 million that will come due.
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