AIG Announces Amended and Restated Bank Credit Facility
June 19 2014 - 9:36AM
Business Wire
American International Group, Inc. (NYSE:AIG) announced today
that it has entered into an amended and restated 5-Year $4 billion
Bank Credit Facility.
The amended and restated facility replaces the previous 4-Year
$4 billion facility that AIG entered into in October 2012. In
addition to the tenor increase, the entire $4 billion facility is
now available both as revolving credit and for the issuance of
letters of credit. This is an increase from the $2 billion letter
of credit sublimit that existed in the previous 4-Year
facility.
“We are pleased to have the support of our lenders in amending
this credit facility,” said David Herzog, AIG Executive Vice
President and Chief Financial Officer. “The terms of this newly
amended and restated facility provide greater flexibility to AIG
and our subsidiaries.”
Thirty-three banks participated in the facility with J.P. Morgan
Securities LLC and Citigroup Global Markets Inc. acting as lead
arrangers.
American International Group, Inc. (AIG) is a leading
international insurance organization serving customers in more than
130 countries and jurisdictions. AIG companies serve commercial,
institutional, and individual customers through one of the most
extensive worldwide property-casualty networks of any insurer. In
addition, AIG companies are leading providers of life insurance and
retirement services in the United States. AIG common stock is
listed on the New York Stock Exchange and the Tokyo Stock
Exchange.
Additional information about AIG can be found at www.aig.com |
YouTube: www.youtube.com/aig |Twitter: @AIGInsurance | LinkedIn:
http://www.linkedin.com/company/aig |
AIG is the marketing name for the worldwide property-casualty,
life and retirement, and general insurance operations of American
International Group, Inc. For additional information, please visit
our website at www.aig.com. All products and services are written
or provided by subsidiaries or affiliates of American International
Group, Inc. Products or services may not be available in all
jurisdictions, and coverage is subject to actual policy language.
Non-insurance products and services may be provided by independent
third parties. Certain property-casualty coverages may be provided
by a surplus lines insurer. Surplus lines insurers do not generally
participate in state guaranty funds, and insureds are therefore not
protected by such funds.
American International Group, Inc.Investors:Liz Werner,
212-770-7074elizabeth.werner@aig.comorMedia:Molly Binenfeld,
212-770-3141molly.binenfeld@aig.com
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