Bermuda’s XL Capital has filed with the Securities Exchange Commission to sell up to $1.5 billion worth of common and preferred stock, warrants, debt securities and share purchase contracts.
The “shelf registration” allows the company to sell the various securities from time to time at prices to be determined on the sale date.
XL plans to use the funds raised for general corporate purposes. It also plans to offer additional debt securities, which it will use for investments.
Was this article valuable?
Here are more articles you may enjoy.
Anthropic Plans Wide Release of Mythos-Level AI Models in Weeks 
After Complaint, GEICO Agrees to Modify Cancellation Process That Uses AI 
AIG’s Turnaround Under Zaffino Sets Stage for New Leadership 
AI Savings Misses ‘Should Be Making Executives Uncomfortable,’ Bain Says 
