Kolkata, West Bengal -- (SBWIRE) -- 09/27/2013 -- Specialpennystockalert.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on Genworth Financial Inc(NYSE:GNW), Sprint Nextel Corporation (NYSE:S).
Genworth Financial Inc(NYSE:GNW)shares increased 2.04% to $12.99. GNW and its wholly owned subsidiary Genworth Holdings, Inc., on Sept. 26 announced the entrance into a credit agreement that provides Genworth Holdings, Inc. with a three-year $300 million, multicurrency revolving credit facility, with a $100 million sublimit for letters of credit. The proceeds of the loans may be used for working capital and general corporate purposes. The obligations under the credit agreement are unsecured and payment of Genworth Holdings, Inc.'s obligations is fully and unconditionally guaranteed by Genworth Financial, Inc.
Additionally, the company on Sept. 24 announced that it has begun filing for long term care insurance in force premium rate increases on certain Privileged Choice® and Classic Select® policies sold between 2003 and 2012. The premium rate increases requested will range between six and thirteen percent on more than $800 million in annualized in force premiums.
Should Investors Buy GNW After Yesterday’s Jump? Find Out Here
Sprint Nextel Corporation (NYSE:S) shares fell 2.18% to $6.05. The company on Sept. 24 has been awarded the Global M&A Deal of the Year U.S. Award by The American Lawyer for the SoftBank transaction.
The American Lawyer recently announced the winners of its inaugural Global Legal Awards in 30 categories, naming Sprint’s legal team including Sprint’s lead M&A counsel, Skadden, Arps, Slate, Meagher & Flom LLP, winner of Global M&A Deal of the Year: U.S. Award winners were honored at the ALM Global Legal Awards dinner on September 23 at Gotham Hall in New York City.
Is S A Good Buy After The Recent Price Movement? Find Out Here
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