XL To Delist Outstanding Debt Securities
XL Group Ltd announced that, following the completion of its previously announced merger with Camelot Holdings Ltd., a wholly owned subsidiary of AXA S.A. and the delisting of its common shares from the New York Stock Exchange [NYSE], it has notified the NYSE of its intention to voluntarily delist the following series of debt securities issued by XLIT Ltd., a wholly owned subsidiary of XL, and guaranteed by XL, as well as to deregister the XLIT Listed Notes from registration with the Securities and Exchange Commission.
- 2.30% Senior Notes due 2018
- 5.75% Senior Notes due 2021
- 4.450% Subordinated Notes due 2025
- 5.25% Senior Notes due 2043
- 5.500% Subordinated Notes due 2045
- Fixed to Floating Rate Subordinated Notes due 2047
The guarantees of the XLIT Listed Notes will also be withdrawn from registration with the SEC concurrent with the deregistration of the XLIT Listed Notes. The Company has not made arrangements for the listing and/or registration of the XLIT Listed Notes on another national securities exchange or quotation medium. These actions do not affect the terms of the XLIT Listed Notes and the guarantees.
