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.
US Cyber Insurance Market Sees Flat Premium, More Third-Party Claims Hit Loss Ratio 
North Carolina Becomes First State to Pass Outright Ban on Litigation Financing 
Endless Shrimp Deal Was Scheme to Squeeze Red Lobster, Suit Says 
Bayer’s Supreme Court Win in Roundup Case No ‘Silver Bullet’ 
