XL Capital Ltd
(NYSE: XL) ("XL" or the "Company") announced Tuesday that it currently plans to
raise approximately $750,000,000 in capital from an offering of equity
security units. The units consisting of (i) forward purchase contracts to purchase, and
XL to issue, its ordinary shares, and (ii) debt securities, pursuant to XL's
currently effective shelf registration statement. The Company intends to use
the net proceeds from the sale of the equity security units for general
corporate purposes.
As part of the transaction, XL expects to offer approximately 30 million
equity securit...
Comments