ILFC announces partial prepayment and amendment of secured term loan

International Lease Finance Corporation (ILFC), a wholly owned subsidiary of American International Group, (AIG), announced the partial prepayment and amendment of its secured term loan entered into on February 23, 2012. This prepayment reduces the outstanding principal amount to $750m, from the original loan amount of $900m. The amendment reduces the interest rate to LIBOR plus 2.75% with a LIBOR floor of .75%, down from LIBOR plus 4.0% with a LIBOR floor of 1.0%. The maturity date remains June 30, 2017.