Debt Financing (Tables)

9 Months Ended

Sep. 30, 2017

Debt Financing

Summary of consolidated debt

The Company’s debt financing was comprised of the following at September 30, 2017 and December 31, 2016 (dollars in thousands):

	September 30, 2017		December 31, 2016
Unsecured
Senior notes	$	6,919,871	$	6,953,343
Revolving credit facility		1,436,000		766,000
Term financings		211,782		211,346
Convertible senior notes		199,985		199,995
Total unsecured debt financing		8,767,638		8,130,684
Secured
Term financings		511,353		619,767
Export credit financing		46,583		51,574
Total secured debt financing		557,936		671,341
Total debt financing		9,325,574		8,802,025
Less: Debt discounts and issuance costs		(88,254)		(88,151)
Debt financing, net of discounts and issuance costs	$	9,237,320	$	8,713,874

Schedule of secured obligations

The Company’s secured obligations as of September 30, 2017 and December 31, 2016 are summarized below (dollars in thousands):

	September 30, 2017		December 31, 2016
Nonrecourse	$	215,165	$	245,155
Recourse		342,771		426,186
Total secured debt financing	$	557,936	$	671,341
Number of aircraft pledged as collateral		21		25
Net book value of aircraft pledged as collateral	$	1,197,399	$	1,421,657

Schedule of maturities of debt outstanding

Maturities of debt outstanding as of September 30, 2017 are as follows (in thousands):

Years ending December 31,
2017	$	39,677
2018		1,565,765
2019		1,091,216
2020		1,258,535
2021		2,345,679
Thereafter		3,024,702
Total	$	9,325,574