XL Group subsidiary XLIT upsizes new credit facility to $200 million

By Marisa Wong

Madison, Wis., May 13 - XL Group plc's wholly owned subsidiary, XLIT Ltd., increased the amount of letters of credit and revolving credit loans available under its credit agreement with Citicorp USA, Inc. as administrative agent to $200 million from $100 million, according to an 8-K filing with the Securities and Exchange Commission.

XLIT entered into the credit agreement on May 7 and completed the amendment on May 13.

XL Group is a Dublin-based financial services company.

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