ILFC Announces Commencement of Exchange Offer

Dépèche transmise le 6 avril 2011 par Business Wire

LOS ANGELES--(BUSINESS WIRE)--International Lease Finance Corporation (ILFC), a wholly owned subsidiary of American International Group, Inc. (NYSE: AIG), announced today that it has commenced a registered exchange offer to exchange up to $1,250,000,000 8.625% Senior Notes due 2015 (the “8.625% Registered Notes”), which have been registered under the Securities Act of 1933, as amended (the “Securities Act”), for any and all of its privately placed 8.625% Senior Notes due 2015 (the “8.625% Private Notes”), and up to $1,500,000,000 8.750% Senior Notes due 2017 (the “8.750% Registered Notes” and together with the 8.625% Registered Notes, the “Registered Notes”), which have been registered under the Securities Act, for any and all of its privately placed 8.750% Senior Notes due 2017 (the “8.750% Private Notes” and together with the 8.625% Private Notes, the “Private Notes”).

ILFC is making this exchange offer to satisfy its obligations under the registration rights agreements relating to the Private Notes in which the Company agreed to use its commercially reasonable efforts to issue the Registered Notes pursuant to a registration statement under the Securities Act in exchange for the Private Notes. The Registered Notes will contain substantially identical terms to the Private Notes, except for the elimination of certain transfer restrictions, registration rights and additional interest provisions relating to the Private Notes. The exchange offer will not affect ILFC’s outstanding debt levels, as the Registered Notes will be issued only upon cancellation of a like amount of currently outstanding Private Notes. ILFC will not receive any proceeds from the exchange offer.

Any Private Notes not tendered for exchange in the exchange offer will remain outstanding and continue to accrue interest, other than additional interest, but will not retain certain registration and other rights under the registration rights agreement.

The terms of the exchange offer are contained in the exchange offer prospectus, dated April 6, 2011, and the related letter of transmittal.

The exchange offer will expire at 5:00 p.m., New York City time, on May 4, 2011, unless extended. Private Notes tendered pursuant to the exchange offer may be withdrawn at any time prior to the expiration date by following the procedures set forth in the exchange offer prospectus.

Requests for assistance or for copies of the exchange offer prospectus should be directed to Deutsche Bank Trust Company Americas, the exchange agent, at c/o DB SERVICES AMERICAS, INC., MS JCK01-0218, 5022 Gate Parkway, Suite 200, Jacksonville, FL 32256, (800) 735-7777.

This press release shall not constitute an offer to sell any securities or a solicitation of an offer to buy any securities. The exchange offer will be made only by means of a written prospectus.

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 expiration date of the exchange offer. 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.

About ILFC

ILFC is the international market leader in the leasing and remarketing of commercial jet aircraft to airlines around the world. The people of ILFC have a strong commitment to aviation and its role in building relationships across the globe that drive innovation, prosperity, and understanding. ILFC currently owns a portfolio consisting of approximately 930 jet aircraft.

About AIG

American International Group, Inc. (AIG) is a leading international insurance organization serving customers in more than 130 countries. 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, as well as the stock exchanges in Ireland and Tokyo.

Business Wire

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