AIG Closes debt for equity deal with NY Fed, reported by Chartpoppers.com

(CHARTPOPPERS.COM, December 02, 2009 ) Point Roberts, WA - Chartpoppers.com announces an investment report featuring company American International Group. (NYSE: AIG)

The Consolidated Investment Analysis on American International Group. (NYSE: AIG) will be in particular interest to other competing companys within in its sector, such as Bank of America (NYSE: BAC), Hartford Financial Services (NYSE: HIG) and Allied World Assurance. (NYSE: AWH)

American International Group, Inc. (AIG) is a holding company which, through its subsidiaries, is engaged in a range of insurance and insurance-related activities in the United States and abroad. AIGÂ’s primary activities include both General Insurance and Life Insurance & Retirement Services operations. Other significant activities include Financial Services and Asset Management. The Company operates in four segments: General Insurance, Life Insurance & Retirement Services, Financial Services and Asset Management.

Recent News on American International Group. (NYSE: AIG)

Insurance giant American International Group Inc (AIG) (AIG.N) said on Tuesday it had closed two transactions that reduce its debt with the Federal Reserve Bank of New York by $25 billion through two debt-for-equity swaps.
AIG said that under the agreement the NY Fed would receive preferred shares with a liquidation preference worth $16 billion in American Life Insurance Co (ALICO) and $9 billion in American International Assurance Co Ltd (AIA), which would be placed in special purpose vehicles (SPV).
The insurer said that the SPVs readied the two subsidiaries for initial public offerings (IPO) or third party sale and in a separate statement said it was moving forward with the separation of ALICO.
The liquidation preference is an undisclosed percentage of the estimated fair market value of the AIG units. AIG retains the common interests in ALICO and AIA, and thus will benefit should the market valuation of the two units be in excess of $25 billion.
AIG said that as of Tuesday, its outstanding principal balance under the NY Fed credit facility was about $17 billion and the total amount available under the facility had been reduced to $35 billion from $60 billion.

To view the Consolidated Investment Analysis on American International Group. (NYSE: AIG) Please visit the stock pulse page at www.chartpoppers.com/stock%20pulse/

In the report chartpoppers.com covers a recent Financial Summary, Analyst Consensus, Technical Analysis, Comparative Analysis and Insider Trading Activity.

The full report is available at www.chartpoppers.com

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