Market Overview

AIG Announces $4B Amended and Restated Bank Credit Facility

Related AIG
Ally Financial: Hedge Funds Getting In, U.S. Government Getting Out
Notable Hedge Funds Disclose Additions And Reductions To Holdings
Jettisoned from Wall Street, Cohen Plots Comeback Bid (Fox Business)

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)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters