International Lease Finance Corp is in the market looking at a few financing initiatives to help pay down upcoming debt maturities.
Sources indicate the lessor is looking at secured debt or a bank facility to meet debt obligations in 2012.
"Smoothing out debt maturities is a key strategy that ILFC has been pursuing for the past 12 months," says a source.
In December, ILFC s issued $1 million in aggregate principal amount of 8¼% senior notes due 2020. The notes were issued under an indenture, dated 1 August 2006, between ILFC and Deutsche Bank Trust Company Americas.
ILFC regained access to debt markets during the nine months to 30 September, after having limited access throughout 2009, resulting in the issuance of secured and unsecured debt aggregating $8.8 billion.
Separately, ILFC is reportedly in talks with manufacturers about placing its first new aircraft order since June 2007.
ILFC has a fleet of 940 aircraft and still has more than 100 planes on order through 2019.