After completing the $16.2B sale of Alico to MetLife (MET) this morning, and in light of last...

|By:, SA News Editor

After completing the $16.2B sale of Alico to MetLife (MET) this morning, and in light of last week's $20.5B Hong Kong IPO of its AIA unit, AIG (AIG) says it has raised another $37B ($28B in cash) "to repay U.S. taxpayers and position AIG for long term growth." Specifically, it will use the cash to close down a $20B credit facility extended by the NY Fed. AIG +0.6% premarket.