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Financial Planning > College Planning > Student Loan Debt

Genworth Pays Off $250 Million in Debt

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Genworth Financial Inc. has made a pair of $125 million payments on two different 5-year revolving credit facilities.

Genworth, Richmond, Va. (NYSE:GNW), says it still owes $240 million on each of the facilities, for a total of $480 million.

One facility expires in May 2011, and the other in August 2012.

A revolving credit facility is the corporate equivalent of a revolving debt credit card.


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