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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.
Source: Source: WSJ | Published on March 17, 2010
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.
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