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.
Hedge Fund Money Is Reshaping a 180-Year-Old Insurance Model 
Three Sentenced in Bear-Suit Attacks Insurance Fraud Case 
Viewpoint: Why Brokers Have Little to Fear and Everything to Gain From AI 
Carnival Cruise Passenger Served 14 Shots Awarded $300,000 After Fall Down Stairs 
