AIG (AIG) Trades Lower; ILFC Deposit Not Received by Escrow Agent

On December 9th, AIG (NYSE: AIG) sold a majority stake in ILFC to China investors for $4.23 billion. The following information was release in an 8-k Filing dated May 27th and released this morning: The Deposit Amount was not received by the Escrow Agent when due pursuant to Clause 2.5 of the Share Purchase Agreement, dated as of December 9, 2012, by and among American International Group, Inc. (“AIG”), AIG Capital Corporation (“Seller”), a wholly-owned direct subsidiary of AIG and the sole shareholder of International Lease Finance Corporation (“ILFC”), and Jumbo Acquisition Limited (“Purchaser”), as amended (the “Share Purchase Agreement”), relating to the sale of up to 90.0% of ILFC’s common stock by Seller to Purchaser. Capitalized terms used herein but not otherwise defined shall have the meaning given them in the Share Purchase Agreement.

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