AIG Announces $4B Amended and Restated Bank Credit Facility
American International Group, Inc. (NYSE: AIG) announced today that it had entered into an amended and restated 4-Year $4 billion Bank Credit Facility.
The amended and restated facility replaces the previous $4.5 billion AIG facilities ($1.5 billion 364-Day and $3 billion 4-Year) entered into in October 2011 and includes a $2 billion letter of credit sublimit that will allow AIG subsidiaries to obtain letters of credit. This is an increase from the $1.5 billion letter of credit sublimit that existed in the previous 4-Year facility.
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