International Lease Finance to price benchmark 5.5-year bullet notes during March 15 week

By Paul A. Harris

St. Louis, March 16 - International Lease Finance Corp. plans to price a benchmark-sized offering of 5.5-year senior notes (B1/BB+/BB) late Wednesday or early Thursday, according to an informed source.

Bank of America Merrill Lynch, Citigroup Global Markets Inc., Credit Suisse and UBS Investment Bank are the joint bookrunners.

The Rule 144A and Regulation S deal will price off the high-grade desk, according to the source, who added that the high-yield syndicates will also be involved.

The notes will be non-callable.

Proceeds will be used for general corporate purposes, including repayment of existing debt.

The prospective issuer is a wholly owned subsidiary of Century City, Calif.-based insurance company American International Group, Inc.

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