XL To Redeem Outstanding LYON notes
NU Online News Service, Aug. 24, 10:05 a.m. EDT?XL Capital Ltd. said it has called for redemption of all of its outstanding Liquid Yield Option Notes, or LYONs, due in 2021.[@@]
The redemption date for the LYONs will be Sept. 2, and the price will be $622.50 per LYON, XL said.
In the event that all the outstanding LYONs are surrendered for redemption, the aggregate redemption price would be $316,756,486.
In order to receive the LYONs redemption price, holders must deliver their LYONs to U.S. Bank National Association as paying agent under the indenture governing the LYONs.
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