Posted on 17 Mar 2010
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.