XL Capital to raise $75 million in new capital
XL Capital says it plans to raise approximately $750,000,000 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.
As of December 31, 2003, XL Capital had consolidated assets of approximately $40.8 billion and consolidated shareholders’ equity of approximately $6.9 billion. However it made a loss of $314.8m inOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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