UPDATE 1-AIG, Chartis unit sign $4.3 bln credit agreements

* AIG signs $1.5 bln, 3-yr credit agreement

* Enters $1.5 bln, 364-day credit agreement

* Unit signs $1.3 bln credit agreement

Dec 27 (BestGrowthStock) – Bailed-out insurer American
International Group (AIG.N: ) and its unit Chartis Inc signed
three separate credit agreements with their lenders, totaling
$4.3 billion.

AIG signed two credit agreements worth $1.5 billion each
for three years and another for 364 days, it said in a
regulatory filing.

Separately, Chartis signed a $1.3 billion letter of credit
and reimbursement agreement with its lenders.
Under the new agreements, the lenders have the obligations to
make loans, other credit extensions and ensure related
effectiveness of most of the covenants binding on AIG, Chartis
and some of their units.

JPMorgan Chase Bank acted as an administrative agent, the
company said.
(Reporting by Archana Shankar in Bangalore; Editing by
Gopakumar Warrier)

UPDATE 1-AIG, Chartis unit sign $4.3 bln credit agreements