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AIG Says Aircraft Leasing Unit Getting Two New Secured Term Loans

Source: WSJ


Posted on 17 Mar 2010

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American International Group (AIG) said Wednesday that International Lease Finance Corp., its aircraft-leasing unit, is getting two new secured term loans.

The new borrowing will help ILFC pay off some existing debt that's coming due this year. The first loan is for $750 million and the second is for $550 million, according to a regulatory filing by AIG on Wednesday.

The loans are secured by 80 aircraft and all related equipment and leases, the insurer noted.