XML 51 R33.htm IDEA: XBRL DOCUMENT v3.10.0.1
Debt Obligations (Details)
$ in Thousands
Aug. 22, 2018
USD ($)
engine
NotesSeries
aircraft
Sep. 30, 2018
USD ($)
Dec. 31, 2017
USD ($)
Principal outstanding repayable      
2018   $ 13,812  
2019   55,380  
2020   54,980  
2021   521,217  
2022   207,733  
Thereafter   560,261  
Total   1,413,383 $ 1,103,743
Less: unamortized debt issuance costs   (21,270) (18,338)
Total debt obligations   1,392,113 1,085,405
Credit facility at a floating rate of interest of one-month LIBOR plus 2.0% and maturity date of April 2021      
Long Term Debt      
Maximum borrowing capacity under credit facility   $ 890,000  
Fixed rate (as a percent)   2.00%  
Principal outstanding repayable      
Total   $ 466,000 491,000
WEST IV      
Long Term Debt      
Number of series notes | NotesSeries 2    
Aggregate principal amount $ 373,400    
Principal outstanding repayable      
Total   $ 373,400  
Number of engines pledged as collateral | engine 55    
Number of airframes provided as collateral for debt | aircraft 1    
WEST IV Series A 2018 term notes payable at a fixed rate of interest of 4.75%, maturing in September 2043, secured by engines      
Long Term Debt      
Fixed rate (as a percent)   4.75%  
Notes issues at price of par (as percentage) 99.99504%    
Aggregate principal amount $ 326,800    
Maturity term 8 years    
Principal outstanding repayable      
Total   $ 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      
Long Term Debt      
Fixed rate (as a percent)   5.44%  
Notes issues at price of par (as percentage) 99.99853%    
Aggregate principal amount $ 46,700    
Maturity term 8 years    
Principal outstanding repayable      
Total   $ 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      
Long Term Debt      
Fixed rate (as a percent)   4.69%  
Principal outstanding repayable      
Total   $ 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      
Long Term Debt      
Fixed rate (as a percent)   6.36%  
Principal outstanding repayable      
Total   $ 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      
Long Term Debt      
Fixed rate (as a percent)   5.50%  
Line of credit facility outstanding amount   $ 173,800  
Principal outstanding repayable      
Total   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      
Principal outstanding repayable      
Total   $ 11,388 12,720
Note payable at fixed interest rates ranging from 2.60% to 2.97%, maturing in July 2024, secured by an aircraft | Minimum      
Long Term Debt      
Fixed rate (as a percent)   2.60%  
Note payable at fixed interest rates ranging from 2.60% to 2.97%, maturing in July 2024, secured by an aircraft | Maximum      
Long Term Debt      
Fixed rate (as a percent)   2.97%  
Note payable at a variable interest rate of one-month LIBOR plus 2.25%, matured in January 2018, secured by engines      
Long Term Debt      
Fixed rate (as a percent)   2.25%  
Principal outstanding repayable      
Total     $ 10,336
Revolving credit facility      
Long Term Debt      
Maximum borrowing capacity under credit facility   $ 890,000  
Amount of debt available under accordion feature   1,000,000  
Line of credit facility outstanding amount   $ 466,000