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.
US P/C Industry Books Best Result in a Decade but Not All Lines Enjoy Success 
Allianz Unit to Cut as Many as 1,800 Jobs in Push to Adopt AI 
Fla. Supreme Court Reverses Lower Court on Compensability of a Workplace Shooting 
India’s Largest Nuclear Power Plant Hit by Data Breach 
