Bermuda-based XL Capital Ltd. reported that the underwriters exercised their option to purchase an additional 5,076,900 ordinary shares in connection with XL’s previously announced plans to sell 33,846,000 of ordinary shares and $745,000,000 of equity security units.
Following closing of both offerings on Friday, total gross proceeds to XL are expected to be approximately $3.2 billion.
The joint book-running managers for the offerings are Goldman, Sachs & Co. and Citigroup Corporate and Investment Banking.
Topics Underwriting
Was this article valuable?
Here are more articles you may enjoy.
Death and Destruction at Orlando I-4 Project But Punitive Damages Not Allowed 
Greek Oil Tanker Exits Hormuz Shipping Strait With Signal Off 
Marine Insurers Cancel War Risk Cover as Iran Conflict Escalates 
What Berkshire’s CEO Abel Said About Insurance 
