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Borrowings from Secured and Unsecured Debt Financings
3 Months Ended
May 31, 2024
Debt Disclosure [Abstract]  
Borrowings from Secured and Unsecured Debt Financings Borrowings from Secured and Unsecured Debt Financings
The outstanding amounts of our secured and unsecured debt financings were as follows:
 
At May 31, 2024
At
February 29, 2024
Debt ObligationOutstanding
Borrowings
Number of AircraftInterest RateFinal Stated
Maturity
Outstanding
Borrowings
Secured Debt Financings:
Term Financings(1)
$863,333 38
2.36% to 7.69%
09/13/24 to 06/27/32$883,451 
Less: Debt issuance costs and discounts(7,425)(8,054)
Total secured debt financings, net of debt issuance costs and discounts855,908 875,397 
Unsecured Debt Financings:
Senior Notes due 2024(2)
— 4.125%05/01/24500,000 
Senior Notes due 2025650,000 5.25%08/11/25650,000 
Senior Notes due 2026650,000 4.25%06/15/26650,000 
2.850% Senior Notes due 2028750,000 2.85%01/26/28750,000 
6.500% Senior Notes due 2028650,000 6.50%07/18/28650,000 
Senior Notes due 2029650,000 5.95%02/15/29650,000 
Revolving Credit Facilities570,000 
6.67% to 7.48%
05/24/25 to 02/08/2820,000 
   Less: Debt issuance costs and discounts(43,235)(46,901)
Total unsecured debt financings, net of debt issuance costs and discounts3,876,765 3,823,099 
Total secured and unsecured debt financings, net of debt issuance costs and discounts$4,732,673 $4,698,496 
        
(1)The borrowings under these financings at May 31, 2024, have a weighted average fixed rate of interest of 5.46%.
(2)Repaid at the final stated maturity date.
Unsecured Debt Financings
Revolving Credit Facilities
As of May 31, 2024, we had $570.0 million outstanding under our revolving credit facilities and had $1.6 billion available for borrowing.
As of May 31, 2024, we were in compliance with all applicable covenants in our financings.