Debt Financing (Tables)

6 Months Ended

Jun. 30, 2019

Debt Financing

Summary of consolidated debt

The Company’s debt financing was comprised of the following at June 30, 2019 and December 31, 2018 (dollars in thousands):

	June 30,		December 31,
	2019		2018
Unsecured
Senior notes	$	10,950,000	$	10,043,445
Revolving credit facilities		801,000		602,000
Term financings		800,250		607,340
Total unsecured debt financing		12,551,250		11,252,785
Secured
Term financings		411,343		371,203
Export credit financing		34,938		38,265
Total secured debt financing		446,281		409,468
Total debt financing		12,997,531		11,662,253
Less: Debt discounts and issuance costs		(138,287)		(123,348)
Debt financing, net of discounts and issuance costs	$	12,859,244	$	11,538,905

Schedule of secured obligations

The Company’s secured obligations as of June 30, 2019 and December 31, 2018 are summarized below (dollars in thousands):

	June 30,		December 31,
	2019		2018
Nonrecourse	$	149,628	$	167,245
Recourse		296,653		242,223
Total secured debt financing	$	446,281	$	409,468
Number of aircraft pledged as collateral		18		20
Net book value of aircraft pledged as collateral	$	961,104	$	1,132,111

Schedule of maturities of debt outstanding

Maturities of debt outstanding as of June 30, 2019 are as follows (in thousands):

Years ending December 31,
2019	$	59,892
2020		1,460,039
2021		1,991,039
2022		2,701,069
2023		2,537,846
Thereafter		4,247,646
Total	$	12,997,531