American International Group, Inc. (AIG) announced the results of its second round of tender offers for certain outstanding notes, increasing the maximum purchase consideration.
The applicable Maximum Purchase Consideration was raised from $300 million to $455 million. This upsized offer allows AIG to repurchase a larger volume of its outstanding debt in this series of tenders.
This action further demonstrates AIG's robust financial position and its ongoing commitment to disciplined capital management. Reducing outstanding debt can lead to lower interest expenses and an improved balance sheet.
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