According to an 8K filed on June 15, 2013, American International Group, Inc. (“AIG”), has given a group of Chinese investors more time to complete a deal to buy International Lease Finance Corportation.
According to the filing, the Amendment extends the date on which AIG or Purchaser may terminate the share purchase agreement if the closing of the transaction has not yet occurred to July 31, 2013
Additionally, under the Amendment, AIG and Seller may pursue other offers for ILFC and may continue to pursue the alternative of a public offering. Under the Amendment, AIG or Seller may terminate the Share Purchase Agreement prior to July 31, 2013 if AIG reasonably determines in good faith that closing conditions relating to regulatory matters would not be satisfied by July 31, 2013.
To read the full 8K filing, click here.
Previously on Equipment Finance Advisor:
June 6, 2013: Bloomberg: AIG’s Plan to Sell ILFC Back on Track
June 3, 2013: Sale of ILFC to Chinese Group at Risk; Deposit Payment Missed