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.
Catastrophe Bonds Linked to Wildfires Lose ‘Untouchable’ Status 
US House Bill Aims to End Private Flood Insurance Coverage Penalty 
Aon Adds to List of Brokers Suing Howden US for Alleged Poaching, Theft 
Hacking Group ‘ShinyHunters’ Claims Theft of Data From Users of Pornhub 
