An aircraft leasing subsidiary of insurance conglomerate American International Group Inc. said Tuesday that it has fully prepaid a $750 million secured term loan, lowering the unit's financing costs and cutting the number of aircraft it used as collateral.
By Associated Press|March 27, 2012 at 12:10 PM
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LOS ANGELES (AP) — An aircraft leasing subsidiary of insurance conglomerate American International Group Inc. said Tuesday that it has fully prepaid a $750 million secured term loan, lowering the unit’s financing costs and cutting the number of aircraft it used as collateral.
International Lease Finance Corp., said it paid the debt on March 23 using money it received from selling new debt on March 19.
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