AIG Draws $2.1 Billion to Buy Aircraft Leasing Firm Shares
AIG, bailed out last year by the government, is trying to sell ILFC. It was able to draw from a credit facility established by the Federal Reserve Bank of New York, and said in the Securities and Exchange Commission filing it expects to receive the funds on Nov. 13.
The insurer last month extended $2 billion in credit, also drawn from the facility, to ILFC, allowing the unit to meet debt obligations.
(Reporting by Jonathan Spicer)
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