NU Online News Service, Feb. 23, 2:18 p.m. EST
American International Group's financially stressed aircraft leasing operation said it is looking for a new senior secured term loan of up to $750 million backed by its inventory of jets.
International Lease Finance Corporation (ILFC), based in Century City, Calif., announced it plans to use proceeds of the new term loan to repay a portion of the company's outstanding debt or related interest expense and pay related fees and expenses for the transaction.
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