XL Group plc Announces Remarketing Plans for 8.25% Senior Notes Due 2021
XL Group plc (NYSE: 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.
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