XL GROUP LTD (NYSE:XL) Files An 8-K Other Events
Item 8.01. Other Events
On June 22, 2017, XL Group Ltd (the Company) and XLIT Ltd.
(XL-Cayman), a wholly-owned subsidiary of the Company, entered
into an underwriting agreement (the Underwriting Agreement), with
Barclays Bank PLC, Credit Suisse Securities (Europe) Limited,
Goldman Sachs Co. LLC and HSBC Bank plc, as representatives of
the several underwriters named therein, in connection with the
sale of 500,000,000 aggregate principal amount of Fixed to
Floating Rate Subordinated Notes due 2047, to be issued by
XL-Cayman, and fully and unconditionally guaranteed by the
Company. The Underwriting Agreement contains customary
representations, warranties and agreements of XL-Cayman and the
Company, conditions to closing of the offering and certain
indemnification rights and obligations of the parties.
(XL-Cayman), a wholly-owned subsidiary of the Company, entered
into an underwriting agreement (the Underwriting Agreement), with
Barclays Bank PLC, Credit Suisse Securities (Europe) Limited,
Goldman Sachs Co. LLC and HSBC Bank plc, as representatives of
the several underwriters named therein, in connection with the
sale of 500,000,000 aggregate principal amount of Fixed to
Floating Rate Subordinated Notes due 2047, to be issued by
XL-Cayman, and fully and unconditionally guaranteed by the
Company. The Underwriting Agreement contains customary
representations, warranties and agreements of XL-Cayman and the
Company, conditions to closing of the offering and certain
indemnification rights and obligations of the parties.
The foregoing description of the Underwriting Agreement does not
purport to be complete and is qualified in its entirety by
reference to the full text of the Underwriting Agreement which is
filed as an exhibit hereto and is incorporated by reference
herein.
purport to be complete and is qualified in its entirety by
reference to the full text of the Underwriting Agreement which is
filed as an exhibit hereto and is incorporated by reference
herein.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
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Exhibit Number
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Description
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1.1
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Underwriting Agreement, dated June 22, 2017, among
XL-Cayman, the Company and Barclays Bank PLC, Credit Suisse Securities (Europe) Limited, Goldman Sachs Co. LLC and HSBC Bank plc, as representatives of the several underwriters named therein. |
XL GROUP LTD ExhibitEX-1.1 2 june222017underwritingagre.htm EXHIBIT 1.1 Exhibit Exhibit 1.1Execution VersionXLIT Ltd.€500,…To view the full exhibit click here
