Borrowings from Secured and Unsecured Debt Financings (Tables)

9 Months Ended

Nov. 30, 2024

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 November 30, 2024					At February 29, 2024
Debt Obligation	Outstanding Borrowings		Number of Aircraft	Interest Rate	Final Stated Maturity	Outstanding Borrowings
Secured Debt Financings:
Term Financings(1)	$	657,091	31	2.36% to 6.87%	12/27/24 to 06/27/32	$	883,451
Less: Debt issuance costs and discounts	(6,352)					(8,054)
Total secured debt financings, net of debt issuance costs and discounts	650,739					875,397
Unsecured Debt Financings:
Senior Notes due 2024(2)	—			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
2.850% Senior Notes due 2028	750,000			2.85%	01/26/28	750,000
6.500% Senior Notes due 2028	650,000			6.50%	07/18/28	650,000
Senior Notes due 2029	650,000			5.95%	02/15/29	650,000
Senior Notes due 2031	500,000			5.75%	10/01/31	—
Revolving Credit Facilities	20,000			7.15%	05/24/25 to 02/08/28	20,000
Less: Debt issuance costs and discounts	(42,641)					(46,901)
Total unsecured debt financings, net of debt issuance costs and discounts	3,827,359					3,823,099
Total secured and unsecured debt financings, net of debt issuance costs and discounts	$	4,478,098				$	4,698,496

(1)The borrowings under these financings at November 30, 2024, have a weighted average fixed rate of interest of 5.49%.

(2)Repaid at the final stated maturity date.