Aircraft leasing company International Lease Finance Corp said it was increasing the total amount of its cash tender offer for tendered notes to $1.75 billion from the $750 million announced previously. ILFC, a subsidiary of bailed-out insurer American International Group (AIG.N), said the debt purchase will be funded with proceeds from the two-part $2.25 billion senior note offering it announced on Thursday. ILFC said Barclays Capital and J.P. Morgan Securities LLC will serve as dealer managers for the tender offers, which are scheduled to expire on June 16. ILFC also said it priced its $2.25 billion note offering. ILFC will sell $1 billion aggregate principal amount of 5.75 percent senior notes due 2016 and $1.25 billion of 6.25 percent notes due 2019.
American International Group, Inc. (AIG) is an international insurance organization, serving customers in more than 130 countries. Shares of AIG traded higher by 0.03% or $0.01/share to $30.84. In the past year, the shares have traded as low as $29.15 and as high as $62.87. On average, 4837780 shares of AIG exchange hands on a given day and today's volume is recorded at 2769832.
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