Secured and Unsecured Debt Financings

The outstanding amounts of our secured and unsecured term debt financings are as follows:



	At June 30, 2017						At December 31, 2016
Debt Obligation	Outstanding Borrowings			Number of Aircraft	Interest Rate	Final Stated Maturity	Outstanding Borrowings
Secured Debt Financings:
ECA Financings⁽¹⁾	$	284,163		7	3.02% to 3.96%	12/03/21 to 11/30/24	$	305,276
Bank Financings⁽²⁾	787,843			26	2.12% to 4.45%	9/11/18 to 01/19/26	933,541
Less: Debt Issuance Costs	(16,396		)	—			(19,783		)
Total secured debt financings, net of debt issuance costs	1,055,610			33			1,219,034

Unsecured Debt Financings:
Senior Notes due 2017	—				6.75%	04/15/17	500,000
Senior Notes due 2018	400,000				4.625%	12/15/18	400,000
Senior Notes due 2019	500,000				6.25%	12/01/19	500,000
Senior Notes due 2020	300,000				7.625%	04/15/20	300,000
Senior Notes due 2021	500,000				5.125%	03/15/21	500,000
Senior Notes due 2022	500,000				5.50%	02/15/22	500,000
Senior Notes due 2023	500,000				5.00%	04/01/23	500,000
Senior Notes due 2024	500,000				4.125%	05/01/24	—
Unsecured Term Loan	120,000				3.246%	04/28/19	120,000
Revolving Credit Facilities	—				N/A	11/21/19 to 05/13/20	—
Less: Debt Issuance Costs	(36,253		)				(32,789		)
Total unsecured debt financings, net of debt issuance costs	3,283,747						3,287,211

Total secured and unsecured debt financings, net of debt issuance costs	$	4,339,357					$	4,506,245


(1)	The borrowings under these financings at June 30, 2017 have a weighted-average rate of interest of 3.52%.


(2)	The borrowings under these financings at June 30, 2017 have a weighted-average fixed rate of interest of 3.41%.

Unsecured Debt Financings:

Senior Notes due 2024

On March 6, 2017, Aircastle issued $500,000 aggregate principal amount of Senior Notes due 2024 (the "Senior Notes due 2024") at par. The Senior Notes due 2024 will mature on May 1, 2024 and bear interest at the rate of 4.125% per annum, payable semi-annually on May 1 and November 1 of each year, commencing on November 1, 2017. Interest accrues on the Senior Notes due 2024 from March 20, 2017.

Prior to February 1, 2024, we may redeem the Senior Notes due 2024 at any time at a redemption price equal to (a) 100% of the principal amount of the notes redeemed, plus accrued and unpaid interest thereon to, but not including, the redemption date and (b) the sum of the present values of the remaining scheduled payments of principal and interest on the notes from the redemption date through the maturity date of the notes (computed using a discount rate equal to the Treasury Rate (as defined in the indenture governing the notes) as of such redemption date plus 0.5%). In addition, prior to May 1, 2020, we may redeem up to 40% of the aggregate principal amount of the notes issued under the indenture at a redemption price equal to 104.125% plus accrued and unpaid interest thereon to, but not including, the redemption date, with the net proceeds of certain equity offerings. If the Company undergoes a change of control, it must offer to repurchase the Senior Notes due 2024 at 101% of the principal amount, plus accrued and unpaid interest. The Senior Notes due 2024 are not guaranteed by any of the Company's subsidiaries or any third-party.

On April 17, 2017, we paid off our Senior Notes due 2017.

Revolving Credit Facilities

At June 30, 2017, we had no amounts outstanding under these facilities.

As of June 30, 2017, we were in compliance with all applicable covenants in our financings.