by Calculated Risk on 3/01/2009 02:08:00 AM

From Reuters: Exclusive: AIG near deal on new terms of bailout (ht Brad)

American International Group Inc is close to a deal with the U.S. government ... The revised AIG agreement is expected to include an additional equity commitment of about $30 billion, more lenient terms on an existing preferred investment, and a lower interest rate on a $60 billion government credit line ...

AIG will also give the U.S. Federal Reserve ownership interests in American Life Insurance (Alico), ... [and] American International Assurance Co (AIA) in return for reducing its debt ... The board ... is due to meet on Sunday to vote on the deal ...

It sounds like the deal will be announced on Monday.