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Joined: 19 Jul 2005
Posts: 14424
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| Posted: Mon Sep 22, 2008 4:38 am Post subject: ILFC Borrows BIG In Wake Of AIG Bailout |
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Maxing Out Three Credit Lines Raises $6.5 Billion In Emergency Funding International Lease Finance Corporation is borrowing a total of $6.5 billion against its three credit lines to help keep the company solvent into the first quarter of 2009. The funds were requested on September 16 -- the same day its parent company, American International Group, obtained an $85 billion loan from the US government.
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