Market Overview

AIG Announces $4B Amended and Restated Bank Credit Facility

Related AIG
25 Companies That Could Still Buy Back Mountains Of Stock
Benzinga's Top Downgrades
Assessing Bruce Berkowitz's Concentrated Bet ON AIG (Seeking Alpha)

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.

Posted-In: News Financing


Related Articles (AIG)

Get Benzinga's Newsletters