Debt Financing (Tables)

6 Months Ended

Jun. 30, 2020

Debt Financing

Summary of consolidated debt

The Company’s consolidated debt as of June 30, 2020 and December 31, 2019 (dollars in thousands):

	June 30,		December 31,
	2020		2019
Unsecured
Senior notes	$	13,509,411	$	12,357,811
Term financings		972,625		883,050
Revolving credit facility		—		20,000
Total unsecured debt financing		14,482,036		13,260,861
Secured
Term financings		298,552		428,824
Export credit financing		28,283		31,610
Total secured debt financing		326,835		460,434
Total debt financing		14,808,871		13,721,295
Less: Debt discounts and issuance costs		(169,826)		(142,429)
Debt financing, net of discounts and issuance costs	$	14,639,045	$	13,578,866

Schedule of secured obligations

The Company’s secured obligations as of June 30, 2020 and December 31, 2019 are summarized below (dollars in thousands):

	June 30,		December 31,
	2020		2019
Nonrecourse	$	—	$	128,460
Recourse		326,835		331,974
Total secured debt financing	$	326,835	$	460,434
Number of aircraft pledged as collateral		12		15
Net book value of aircraft pledged as collateral	$	644,458	$	890,693

Schedule of maturities of debt outstanding

Maturities of debt outstanding as of June 30, 2020 are as follows (in thousands):

Years ending December 31,
2020	$	295,789
2021		1,948,697
2022		2,730,561
2023		2,502,123
2024		1,544,791
Thereafter		5,786,910
Total	$	14,808,871