AIG Closed Two Transactions that Reduced the Debt AIG Owes The Federal Reserve Bank of New York by $25 Billion
On December 1, 2009 AIG and the FRBNY completed two transactions pursuant to which AIG transferred to the FRBNY preferred equity interests in newly-formed special purpose vehicles (SPVs) in exchange for a $25 billion reduction of the balance outstanding and the maximum credit available under the FRBNY Credit Facility.
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