XL gets $3.2bn equity issue home with ease
Bermudian (re)insurer XL Capital has announced that the underwriters of its equity fundraising have 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 $745m of equity security units.
Following closing of both offerings tomorrow, total gross proceeds to XL are expected to be approximately $3.2bn.Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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