Debt Obligations (Tables)

6 Months Ended

Jun. 30, 2018

Debt Obligations

Schedule of notes payable

	June 30,		December 31,
	2018		2017
	(in thousands)
Credit facility at a floating rate of interest of one-month LIBOR plus 2.1% at June 30, 2018, secured by engines. The facility has a committed amount of $890.0 million at June 30, 2018, which revolves until the maturity date of April 2021	$	666,000	$	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		282,686		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		40,425		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		248,530		259,022
Note payable at fixed interest rates ranging from 2.60% to 2.97%, maturing in July 2024, secured by an aircraft		11,835		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
		1,249,476		1,103,743
Less: unamortized debt issuance costs		(16,629)		(18,338)
Total debt obligations	$	1,232,847	$	1,085,405

Schedule or principal outstanding

Year	(in thousands)
2018	$	19,134
2019		38,537
2020		38,137
2021 (includes $666 million outstanding on revolving credit facility)		704,374
2022		190,889
Thereafter		258,405
Total	$	1,249,476