XL Group Ltd has announced remarketing plans for 8.25 percent senior notes due 2012.The company said that its wholly-owned subsidiary, XL Company Switzerland GmbH, has entered into a remarketing agreement relating to the remarketing of XL Group Ltd’s $575 million aggregate principal amount of 8.25 percent senior notes due August 2021 comprising a part of the equity security units issued in 2008 (the ‘ESUs’). Goldman Sachs & Co will act as the agent for the remarketing.XL Group currently anticipates that it will participate in the remarketing and submit an order to purchase some or all of the 8.25 percent notes available to be remarketed, and will retire all such 8.25 percent notes it may purchase in the remarketing.The remarketing will commence on August 2, 2011 and is anticipated to settle on August 15, 2011, when the forward purchase contracts comprising part of the ESUs are to be settled. Subject to certain conditions, the proceeds from the remarketing of the 8.25 percent notes will be used to satisfy the purchase price for XL’s ordinary shares to be issued and delivered to holders of the ESUs upon settlement of the forward purchase contracts.The number of ordinary shares to be issued upon settlement of the forward purchase contracts will be determined based on the average trading price for the ordinary shares over a period preceding that date and is subject to a maximum of approximately 35.9 million shares.