FREE SUBSCRIPTION Includes: The Advisor Daily eBlast + Exclusive Content + Professional Network Membership: JOIN NOW LOGIN
Skip Navigation LinksHome / News / Read News


Reuters: Buyers Seek $1.5 Billion Loan to Back ILFC Bid

July 11, 2013, 07:00 AM
Filed Under: Industry News

Reuters reported a consortium led by P3 Investments is seeking to raise a $1.5 billion syndicated loan from Taiwanese banks to back a $4.753 billion bid for a 90 percent stake in International Lease Finance Corp. (ILFC).
According to the Reuters report, AIG agreed to sell 80.1 percent of International Lease Finance Corp (ILFC) in December to a consortium consisting of P3 Investments, New China Trust Co, which is one-fifth owned by Barclays Plc, and China Aviation Industrial fund.  Bankers said that there have been changes to the composition of the consortium which is rushing to try and raise a loan before the end of July.

To read the full Reuters report, click here.

Previously reported on Equipment Finance Advisor:

AIG Revives ILFC IPO After Extending China Sale Deadline

Bloomberg: AIG’s Plan to Sell ILFC Back on Track


Comments From Our Members

You must be an Equipment Finance Advisor member to post comments. Login or Join Now.