Sunday, 6th January 2013

News Update: Prudential Financial Received Commitment For A Loan To Finance Purchase Of 2 AIG Units

Posted on 04. Oct, 2010 by admin in financial news

News Update: Prudential Financial Received Commitment For A Loan To Finance Purchase Of 2 AIG Units

2 News Update: Prudential Financial Received Commitment For A Loan To Finance Purchase Of 2 AIG Units“Prudential Financial (NYSE:PRU) received a commitment for a bridge loan of as much as $3 billion to finance part of its $4.8 billion acquisition of AIG Star Life Insurance Co. and AIG Edison Life Insurance Co., according to a Bloomberg report, which are two units of American International Group (NYSE:AIG).

The company will pay a variable interest rate on the loan, ranging from 1.5 percentage points to 2.5 percentage points more than the London interbank offered rate.

SmarTrend currently has Prudential Financial in an Uptrend. Since 2008, SmarTrend subscribers trading Prudential Financial using our alerts outperformed the stock by 236%. We are monitoring these developments and will alert subscribers to any change in trend.”

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