AIG's (AIG) ILFC Enters New $2.3B Committed, Unsecured Facility
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International Lease Finance Corporation (“ILFC”), a wholly owned subsidiary of American International Group, Inc. (NYSE: AIG), announced today that it has entered into a new $2.3 billion committed unsecured revolving credit facility, replacing its $2.0 billion unsecured revolving credit facility entered into in January 2011.
The new facility, which is available for general corporate purposes, further enhances the company’s strong liquidity position. A total of ten banks participated in the transaction. They include Citibank, Bank of America, JPMorgan Chase, Barclays Bank, Morgan Stanley, Royal Bank of Canada, Credit Suisse, Deutsche Bank, Goldman Sachs and UBS. Each of these banks is core to ILFC and further demonstrates the banking community’s confidence in ILFC’s business and continued strong market position.
The new facility, which is available for general corporate purposes, further enhances the company’s strong liquidity position. A total of ten banks participated in the transaction. They include Citibank, Bank of America, JPMorgan Chase, Barclays Bank, Morgan Stanley, Royal Bank of Canada, Credit Suisse, Deutsche Bank, Goldman Sachs and UBS. Each of these banks is core to ILFC and further demonstrates the banking community’s confidence in ILFC’s business and continued strong market position.
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