24-Feb-2010 8:53 AM

ILFC announces proposed USD750 million senior secured term loan

International Lease Finance Corporation (ILFC), a wholly-owned subsidiary of American International Group, announced (22-Feb-2010) it intends to raise a new senior secured term loan of up to USD750 million. ILFC plans to use proceeds of the new term loan to repay a portion of its outstanding debt or related interest expense and pay related fees and expenses for the transaction. The senior secured term loan will be secured by a portfolio of selected aircraft and related leases. [more]