Debt Financing (Tables)

6 Months Ended

Jun. 30, 2015

Debt Financing

Summary of consolidated debt

The Company’s consolidated debt as of June 30, 2015 and December 31, 2014 are summarized below (in thousands):

	June 30, 2015			December 31, 2014
Unsecured
Senior notes	$	5,177,769		$	4,579,194
Revolving credit facilities	695,000			569,000
Term financings	285,802			196,146
Convertible senior notes	200,000			200,000
Total unsecured debt financing	6,358,571			5,544,340
Secured
Term financings	520,853			636,411
Warehouse facility	374,595			484,513
Export credit financing	61,557			64,884
Total secured debt financing	957,005			1,185,808
Total debt financing	7,315,576			6,730,148
Less: Debt discounts and issuance costs	(95,116		)	(99,390		)
Debt financing, net of discounts and issuance costs	$	7,220,460		$	6,630,758

Schedule of secured obligations

The Company’s secured obligations as of June 30, 2015 and December 31, 2014 are summarized below (in thousands, except number of aircraft which are reflected in units):

	June 30, 2015		December 31, 2014
Nonrecourse	$	374,595	$	484,513
Recourse	582,410		701,295
Total secured debt financing	$	957,005	$	1,185,808
Number of aircraft pledged as collateral	31		38
Net book value of aircraft pledged as collateral	$	1,625,065	$	1,935,711

Schedule of maturities of debt outstanding

Maturities of debt outstanding as of June 30, 2015 are as follows (in thousands):

Years ending December 31,
2015	$	64,854
2016	951,272
2017	1,383,910
2018	1,008,700
2019	1,762,518
Thereafter	2,144,322
Total	$	7,315,576