Los Angeles, CA, August 23, 2010 — International Lease Finance Corporation (ILFC), a whollyowned subsidiary of American International Group, Inc. (NYSE: AIG), announced today that it completed the sale of $4.4 billion in secured and unsecured notes and used the bulk of the proceeds to repay in full $3.9 billion in loans extended to ILFC by AIG Funding, Inc. from the Federal Reserve Bank of New York (FRBNY).
The repayment strengthens ILFC’s financial position by releasing approximately $10 billion of collateral previously pledged to the FRBNY. The new debt is divided into......
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