News In Brief

From one creditor to 36 creditors

Bob Moon Dec 27, 2010
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News In Brief

From one creditor to 36 creditors

Bob Moon Dec 27, 2010

This final note: American International Group is taking another big step to borrow its way off the government dole. The insurance giant revealed in a federal regulatory filing today,
that it’s arranged for $4.3 billion in credit from 36 different lenders. The company’s CEO calls it “another important vote of confidence by the market, in AIG.” The Obama administration calls it “a milestone” in the government’s efforts to “exit [its] investment while protecting taxpayers.”

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