Genworth MI Canada Completes Senior Unsecured Debenture Offering

Genworth MI Canada Inc. completed its offering of $160-million aggregate principal amount of 4.242 per cent senior unsecured debentures due Apr. 1, 2024.

The offering was made through a syndicate of agents led by Scotia Capital Inc., BMO Nesbitt Burns Inc., RBC Dominion Securities Inc., and TD Securities Inc., and included National Bank Financial Inc., CIBC World Markets Inc., Desjardins Securities Inc. and Casgrain & Company Limited.

The net proceeds from the offering were used by Genworth Canada primarily to reduce existing indebtedness.

Genworth Canada was represented internally by Winsor Macdonell, Senior Vice President, Secretary and General Counsel, and Robert Piroli, Associate General Counsel and Assistant Secretary; and by Blake, Cassels & Graydon LLP with a team including Jeffrey Lloyd, Brendan Reay, Adam Garetson and Joe Zed (securities), and Paul Stepak and Ian Caines (tax).

The agents were represented by Stikeman Elliott LLP with a team including D'Arcy Nordick, Jeff Hershenfield, Courtney Wilson and Vanessa Beamish (securities), and Stuart Carruthers (regulatory) and Katy Pitch (tax).


Brendan D. Reay Jeffrey M. Hershenfield Winsor J. Macdonell Katy Pitch Jeffrey R. Lloyd Paul Stepak D'Arcy Nordick Stuart S. Carruthers Courtney J. Wilson Robert Piroli