Debt Obligations (Tables)

3 Months Ended

Mar. 31, 2018

Debt Obligations

Schedule of notes payable

	March 31,		December 31,
	2018		2017
	(in thousands)
Credit facility at a floating rate of interest of one-month LIBOR plus 2% at March 31, 2018, secured by engines. The facility has a committed amount of $890.0 million at March 31, 2018, which revolves until the maturity date of April 2021	$	604,000	$	491,000
WEST III Series A 2017-1 term notes payable at a fixed rate of interest of 4.69%, maturing in August 2042, secured by engines		285,990		289,295
WEST III Series B 2017-1 term notes payable at a fixed rate of interest of 6.36%, maturing in August 2042, secured by engines		40,898		41,370
WEST II Series 2012-A term notes payable at a fixed rate of interest of 5.50%, maturing in September 2037, secured by engines		253,798		259,022
Note payable at fixed interest rates ranging from 2.60% to 2.97%, maturing in July 2024, secured by an aircraft		12,278		12,720
Note payable at a variable interest rate of one-month LIBOR plus 2.25%, matured in January 2018, secured by engines		—		10,336
		1,196,964		1,103,743
Less: unamortized debt issuance costs		(17,307)		(18,338)
Total debt obligations	$	1,179,657	$	1,085,405

Schedule or principal outstanding

Year	(in thousands)
2018	$	28,622
2019		38,537
2020		38,137
2021 (includes $604 million outstanding on revolving credit facility)		642,374
2022		190,889
Thereafter		258,405
Total	$	1,196,964