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Secured and Unsecured Debt Financings (Tables)
3 Months Ended
Mar. 31, 2020
Debt Disclosure [Abstract]  
Outstanding amounts of secured and unsecured term debt financings
The outstanding amounts of our secured and unsecured debt financings are as follows:
 
At March 31, 2020
 
At
December 31,
2019
Debt Obligation
Outstanding
Borrowings
 
Number of Aircraft
 
Interest Rate
 
Final Stated
Maturity
 
Outstanding
Borrowings
Secured Debt Financings:
 
 
 
 
 
 
 
 
 
ECA Financings(1)
$
48,994

 
2

 
3.49% to 3.96%
 
12/03/21 to 11/30/24
 
$
147,644

Bank Financings(2)
959,772

 
34

 
2.96% to 4.55%
 
06/17/23 to 01/19/26
 
993,593

Less: Debt issuance costs and discounts
(9,657
)
 

 
 
 
 
 
(11,892
)
Total secured debt financings, net of debt issuance costs and discounts
999,109

 
36

 
 
 
 
 
1,129,345

 
 
 
 
 
 
 
 
 
 
Unsecured Debt Financings:
 
 
 
 
 
 
 
 
 
Senior Notes due 2020(3)
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 5.00% Notes due 2023
500,000

 
 
 
5.00%
 
04/01/23
 
500,000

Senior 4.40% Notes due 2023
650,000

 
 
 
4.40%
 
09/25/23
 
650,000

Senior Notes due 2024
500,000

 
 
 
4.125%
 
05/01/24
 
500,000

Senior Notes due 2026
650,000

 
 
 
4.250%
 
06/15/26
 
650,000

Unsecured Term Loans
215,000

 
 
 
2.21%
 
03/07/22 to 03/07/24
 
215,000

Revolving Credit Facilities
650,000

 
 
 
2.24% to 2.46%
 
12/27/21 to 06/27/22
 
150,000

   Less: Debt issuance costs and discounts
(29,893
)
 
 
 
 
 
 
 
(32,509
)
Total unsecured debt financings, net of debt issuance costs and discounts
4,435,107

 
 
 
 
 
 
 
3,932,491

Total secured and unsecured debt financings, net of debt issuance costs and discounts
$
5,434,216

 
 
 
 
 
 
 
$
5,061,836

 
        
(1)
The borrowings under these financings at March 31, 2020 have a weighted-average rate of interest of 3.61%. During February 2020, the Company repaid the principal amounts outstanding for four aircraft, which were not released as security for the loans as of March 31, 2020, due to the physical location of the aircraft - see Note 6.
(2)
The borrowings under these financings at March 31, 2020 have a weighted-average fixed rate of interest of 3.52%.
(3)
Repaid on April 15, 20