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AIG Subsidiary to Offer $2 Billion-Plus in Notes

Source: MarketWatch


Posted on 10 Aug 2010

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A wholly owned subsidiary of insurance giant American International Group Inc., International Lease Finance Corp., has announced a plan to offer notes totaling $2.5 billion in a repayment strategy.

In the plan, ILFC will offer to $900 million of senior secured notes due in 2014, $800 million of senior secured notes due in 2016 and $800 million of senior secured notes due in 2018. ILFC plans to use the funds generated from the debt offerings to repay a portion of its outstanding secured loans from AIG Funding Inc.