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17 May 2012

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Digest

17 October 2011

AIG gets credit

AIG has replaced and extended the terms of a $4.5bn credit line with bankers.
It has established a four-year $3bn line of credit and a $1.5bn facility available on a 364-day basis.

The new loans replace the existing $4.48bn credit lines AIG took out in December 2010, most of which was on a shorter-term basis.

AIG chief financial officer David Herzog said the new loans were on more favourable terms and greatly simplified and consolidated the group&#...

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