Insurance Post

XL Capital plans to raise capital

XL Capital says it plans to raise approximately $750m in capital from an offering of equity security...

XL Capital says it plans to raise approximately $750m in capital from an offering of equity security units. As part of the transaction, XL expects to offer approximately 30 million equity security units with a stated amount of $25 per unit. It says it intends to use the net proceeds from the sale of the equity security units for general corporate purposes.

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