Borrowings from Secured and Unsecured Debt Financings (Tables)

3 Months Ended

May 31, 2023

Debt Disclosure [Abstract]

Outstanding amounts of secured and unsecured term debt financings

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

	At May 31, 2023					At February 28, 2023
Debt Obligation	Outstanding Borrowings		Number of Aircraft	Interest Rate	Final Stated Maturity	Outstanding Borrowings
Secured Debt Financings:
Term Financings(1)	$	941,989	38	2.36% to 7.52%	09/13/24 to 06/27/32	$	761,283
Less: Debt issuance costs and discounts	(8,984)		—			(8,985)
Total secured debt financings, net of debt issuance costs and discounts	933,005		38			752,298
Unsecured Debt Financings:
Senior 5.000% Notes due 2023	—			5.00%	04/01/23	500,000
Senior 4.400% 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 2025	650,000			5.25%	08/11/25	650,000
Senior Notes due 2026	650,000			4.25%	06/15/26	650,000
Senior Notes due 2028	750,000			2.85%	01/26/28	750,000
Unsecured Term Loans	155,000			6.68%	02/27/24	155,000
Revolving Credit Facilities	395,000			6.72% to 6.91%	02/28/24 to 05/24/25	20,000
Less: Debt issuance costs and discounts	(29,044)					(32,546)
Total unsecured debt financings, net of debt issuance costs and discounts	3,720,956					3,842,454
Total secured and unsecured debt financings, net of debt issuance costs and discounts	$	4,653,961				$	4,594,752

(1)The borrowings under these financings at May 31, 2023 have a weighted-average fixed rate of interest of 5.35%.