Debt Obligations (Tables)

9 Months Ended

Sep. 30, 2018

Debt Obligations

Schedule of notes payable

	September 30,		December 31,
	2018		2017
	(in thousands)
Credit facility at a floating rate of interest of one-month LIBOR plus 2.0% at September 30, 2018, secured by engines. The facility has a committed amount of $890.0 million at September 30, 2018, which revolves until the maturity date of April 2021	$	466,000	$	491,000
WEST IV Series A 2018 term notes payable at a fixed rate of interest of 4.75%, maturing in September 2043, secured by engines		326,759		—
WEST IV Series B 2018 term notes payable at a fixed rate of interest of 5.44%, maturing in September 2043, secured by engines		46,680		—
WEST III Series A 2017 term notes payable at a fixed rate of interest of 4.69%, maturing in August 2042, secured by engines		279,382		289,295
WEST III Series B 2017 term notes payable at a fixed rate of interest of 6.36%, maturing in August 2042, secured by engines		39,953		41,370
WEST II Series A 2012 term notes payable at a fixed rate of interest of 5.50%, maturing in September 2037, secured by engines		243,221		259,022
Note payable at fixed interest rates ranging from 2.60% to 2.97%, maturing in July 2024, secured by an aircraft		11,388		12,720
Note payable at a variable interest rate of one-month LIBOR plus 2.25%, matured in January 2018, secured by engines		—		10,336
		1,413,383		1,103,743
Less: unamortized debt issuance costs		(21,270)		(18,338)
Total debt obligations	$	1,392,113	$	1,085,405

Schedule or principal outstanding

Year	(in thousands)
2018	$	13,812
2019		55,380
2020		54,980
2021 (includes $466.0 million outstanding on revolving credit facility)		521,217
2022 (includes $173.8 million outstanding on WEST II Series A 2012 term notes)		207,733
Thereafter		560,261
Total	$	1,413,383