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