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International Lease Finance Corporation Announces Release of Certain Notes Tendered in Its Tender Offers for Certain Outstandin

^{Published on 2011-06-08 18:20:36 - Market Wire}
 

LOS ANGELES--([ BUSINESS WIRE ])--International Lease Finance Corporation (aILFCa), a wholly-owned subsidiary of American International Group, Inc. (NYSE: AIG) (aAIGa), announced today that, due to the success of its previously announced tender offers for certain of its notes (the aNotesa) to date, it is releasing the Notes in the lowest three acceptance priority levels. ILFC will promptly return all tendered 5.875% Medium-Term Notes, Series O, due May 1, 2013 (the a5.875% Notesa), 5.625% Medium-Term Notes, Series R, due September 20, 2013 (the a5.625% Notesa) and 6.625% Medium-Term Notes, Series R, due November 15, 2013 (the a6.625% Notes,a and together with the 5.875% Notes and 5.625% Notes, the aReleased Notesa) to their respective holders and terminate the tender offers for the Released Notes. The terms of the ILFCa™s remaining tender offers are unchanged.

On Friday, June 3, 2011, ILFC announced that it had received valid tenders that were not withdrawn totaling approximately $2.7 billion in aggregate principal amount. Given the amount of valid tenders, the total amount of $1.75 billion available to purchase validly tendered Notes, and the acceptance priority levels for purchases of the Notes (as detailed in the Offer to Purchase, dated May 19, 2011 (the aOffer to Purchasea)), ILFC will not purchase any of the Released Notes. The complete terms and conditions of the tender offer for the Notes are detailed in ILFCa™s Offer to Purchase and the related Letter of Transmittal (the aTender Offer Documentsa).

The remaining tender offers for the Notes will expire at 11:59 p.m., New York City time, on June 16, 2011 (such time and date, as the same may be extended, the aExpiration Datea). Because the withdrawal deadline for the tender offers has passed, tendered Notes may no longer be withdrawn at any time, except in the limited circumstances where required by law described in the Offer to Purchase.

Barclays Capital Inc. and J.P. Morgan Securities LLC are the Dealer Managers for the tender offers. Questions regarding the tender offers may be directed to Barclays Capital Inc. at (800) 438-3242 (toll-free) or at (212) 528-7581 (collect) and to J.P. Morgan Securities LLC at (866) 834-4666 (toll-free) or at (212) 834-4811 (collect).

D.F. King & Co., Inc. is the Depositary and Information Agent for the tender offers. Requests for the Tender Offer Documents may be directed to D.F. King & Co., Inc. at (212) 269-5550 (for brokers and banks) or (800) 949-2583 (for all others).

None of ILFC, its board of directors, the Dealer Managers, the trustees under the indentures governing the Notes, the Depositary, the Information Agent, or any of their respective affiliates makes any recommendation as to whether holders of Notes should tender their Notes, and no one has been authorized to make such a recommendation. Each holder of Notes must make his, her or its own decisions as to whether to tender his, her or its Notes, and, if a Holder determines to tender, as to how many Notes of each maturity to tender. Holders of the Notes should read carefully the Tender Offer Documents and related materials before any decision is made with respect to the tender offers.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the Notes subject to the tender offers or any other securities, nor shall there be any offer, solicitation or sale of such securities in any jurisdiction in which such offer, solicitation or sale is unlawful.

Forward Looking Statements

This press release contains aforward-looking statementsa 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 expected payment dates and amounts for the Notes in the tender offers. These forward-looking statements reflect ILFCa™s current views with respect to future events and are based on assumptions and are subject to risks and uncertainties. Except for ILFCa™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.