International Lease Finance Corp., the airplane-leasing company owned by American International Group Inc., said it is borrowing $6.5 billion, the maximum amount allowed under its three credit lines.
ILFC drew on the lines to “provide it with liquidity to repay its commercial paper and other general obligations as they become due,” the leasing company said in a regulatory filing today. The cash, coupled with revenue from operating activities, will be “sufficient to meet its debt obligations into the first quarter of 2009,” the Los Angeles-based company said.
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