American International Group Inc., the Federal Reserve Bank of New York and the U.S. Treasury department have officially signed a deal to repay the government for sustaining the massive company.
In a filing with the U.S. Securities and Exchange Commission, AIG said it and its loaners have entered a “definite agreement” meant to recapitalize the once near-bankrupt insurance giant.
In a statement, AIG said the definite agreement “marks an important step forward in our progress toward completely repaying taxpayers. We remain committed to executing the steps and meeting all conditions in the agreement as soon as possible.”
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