AIG's aircraft leasing unit International Lease Finance Corp announced it is increasing the total amount of its cash tender offer for tendered notes from USD750 million to USD1.75 billion. The debt purchase will be funded with proceeds from the lessor's two-part USD2.25 billion senior note offering announced late last week.
ILFC also priced the note offering. It will offer a USD1 billion, five-year aggregate principal amount at a rate of 5.75%, and a USD1.25 billion, eight-year tranche priced at a rate of 6.25%.
Selected Lessors daily share price movements (% change): 20-May-2011