ILFC announces proposed $550m senior secured term loan

ILFC announced that it intends to raise a new senior secured term loan of $550 million. ILFC plans to use proceeds of the new term loan to refinance the Company’s outstanding $550 million senior secured term loan with essentially the same maturity. The new senior secured term loan would be secured primarily by a first priority perfected lien on the equity of certain of the Company’s subsidiaries that directly or indirectly own a pool of aircraft and related leases.