XL Group plc Announces Remarketing Plans for 8.25% Senior Notes Due 2021

XL Group plc XL announced today that its wholly-owned subsidiary, XL Company Switzerland GmbH, has entered into a Remarketing Agreement relating to the remarketing of XL Group Ltd.'s $575 million aggregate principal amount of 8.25% senior notes due August 2021 (the "8.25% Notes") comprising a part of the Equity Security Units issued in 2008 (the "ESUs"). Goldman, Sachs & Co. will act as the agent for the remarketing. XL Group Ltd. currently anticipates that it will participate in the remarketing and submit an order to purchase some or all of the 8.25% Notes available to be remarketed, and will retire all such 8.25% Notes it may purchase in the remarketing.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsFinancingOfferingsFinancialsProperty & Casualty Insurance
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!