ILFC Announces Proposed $900 Million Senior Secured Term Loan

Published on Monday, 06 February 2012 08:51 Written by TradersHuddle Staff

LOS ANGELES-( Business Wire )-

International Lease Finance Corporation (ILFC), a wholly owned subsidiary of American International Group, Inc. (NYSE: AIG), announced today that it intends to raise a new senior secured term loan of $900 million. ILFC plans to use proceeds of the new term loan to repay a portion of the Company’s outstanding debt and related interest expense, to pay related fees and expenses for the transaction, and for general corporate purposes. The senior secured term loan will be secured primarily by a first priority perfected lien on the equity of certain of the Company’s subsidiaries that directly or indirectly own a pool of aircraft and related leases.

There can be no assurance that ILFC will be successful in obtaining financing at the time or on the terms it desires.

About ILFC

ILFC is the world’s largest independent aircraft lessor measured by number of owned aircraft. ILFC’s portfolio consists of over 1,000 owned or managed aircraft, as well as commitments to purchase 252 new high-demand, fuel-efficient aircraft and rights to purchase an additional 50 such aircraft. www.ilfc.com

About AIG

American International Group, Inc. (AIG) is a leading international insurance organization serving customers in more than 130 countries. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange.

International Lease Finance CorporationInvestor Contact:Pam Hendry, +1-310-788-1999orMedia Contact:Paul Thibeau, + This e-mail address is being protected from spambots. You need JavaScript enabled to view it.