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International Lease Finance Corporation (ILFC), a wholly owned subsidiary of American International Group, Inc. (NYSE: AIG), announced today that it has priced $287,042,000 1.492% prefunded secured notes due 2025 guaranteed by the Export-Import Bank of the United States (Ex-Im Bank).
“This first-ever Ex-Im Bank financing for ILFC will further support our company’s goals of diversifying capital sources and reducing average funding costs,” said ILFC Chief Executive Officer Henri Courpron.
ILFC will use the proceeds of the notes to finance the purchase of two new Boeing 777-300ER aircraft to be operated by Emirates.
Excalibur One 77B LLC is the issuer of the secured notes. J.P. Morgan acted as Book Runner and Structuring Agent. The offering is expected to close on December 19, 2012 and is subject to the satisfaction of customary market and other conditions.
Forward Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements related to the proposed closing date of the offering of the Notes and the expected use of the proceeds from the sale of the Notes. These forward-looking statements reflect ILFC’s current views with respect to future events and are based on assumptions and are subject to risks and uncertainties. Except for ILFC’s ongoing obligation to disclose material information as required by federal securities laws, it does not intend to update you concerning any future revisions to any forward-looking statements to reflect events or circumstances occurring after the date hereof.
ILFC, a wholly owned subsidiary of American International Group, Inc., is the world’s largest independent aircraft lessor measured by number of owned aircraft. ILFC’s portfolio consists of over 1,000 owned or managed aircraft, as well as commitments to purchase 229 new high- demand, fuel-efficient aircraft and rights to purchase an additional 50 such aircraft.
AIG is the world’s largest insurance organization, serving more than 88 million customers in over 130 countries and jurisdictions around the world. AIG businesses are market leaders in property casualty insurance, life insurance and retirement services, mortgage insurance, and aircraft leasing. Additional information about AIG can be found at
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