XLIT Ltd. Announces Amendment of Early Tender Date, Withdrawal Deadline and Price Determination Date for its Previously Announced Tender Offer for its Outstanding 5.500% Subordinated Notes due 2045
Except as described above, all terms and conditions of the 2045 Notes Offer and the other tender offers (together with the 2045 Notes Offer, the "Offers") as set forth in the Offer to Purchase remain unchanged. The Company refers investors to the Offer to Purchase for the complete terms and conditions of the Offers.
Holders who have previously validly tendered 2045 Notes do not need to re-tender their 2045 Notes or take any other action in response to the amendments to of the 2045 Notes Offer announced today. Withdrawal rights for the 2045 Notes will now expire at
Holders of any 2045 Notes that are validly tendered and accepted for purchase will receive the Total Consideration, which remains unchanged. The Total Consideration offered per
Information Relating to the Offers
Holders may obtain a copy of the Offer to Purchase online at the website of the
None of the Company or its affiliates, their respective boards of directors, the dealer managers, the tender and information agent or the trustee with respect to any series of Securities is making any recommendation as to whether holders should tender any Securities in response to any of the Offers, and neither the Company nor any such other person has authorized any person to make any such recommendation.
This press release is for informational purposes only and is not an offer to buy, or the solicitation of an offer to sell, any of the Securities and the tender offers do not constitute offers to buy or the solicitation of offers to sell Securities in any jurisdiction or in any circumstances in which such offers or solicitations are unlawful. The full details of the Offers, including complete instructions on how to tender Securities, are included in the Offer to Purchase. Holders are strongly encouraged to read carefully the Offer to Purchase, including materials incorporated by reference therein, because they will contain important information.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company's or XL-Cayman's beliefs, plans or expectations, are forward-looking statements. These statements are based on current plans, estimates and expectations, all of which involve risk and uncertainty. Statements that include the words "expect," "estimate," "intend," "plan," "believe," "project," "anticipate," "may," "could," "would," "look" or similar statements of a future or forward-looking nature identify forward-looking statements. Factors that could cause actual results to differ from those predicted are set forth under "Risk Factors" or "Cautionary Note Regarding Forward-Looking Statements" in the Company's Annual Report on Form 10-K for the year ended
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