Secured and Unsecured Debt Financings (Tables)

6 Months Ended

Jun. 30, 2014

Debt Disclosure [Abstract]

Outstanding amounts of secured and unsecured term debt financings

The following Securitization includes a liquidity facility commitment described in the table below: 

		Available Liquidity
Facility	Liquidity Facility Provider	December 31, 2013		June 30, 2014		Unused Fee	Interest Rate on any Advances
Securitization No. 2	HSH Nordbank AG	$	65,000	$	65,000	0.50%	1M Libor + 0.75

The outstanding amounts of our secured and unsecured term debt financings were as follows:

	At December 31, 2013		At June 30, 2014
Debt Obligation	Outstanding Borrowings		Outstanding Borrowings		Interest Rate(1)	Final Stated Maturity(2)
Secured Debt Financings:
Securitization No. 1(3)	$	225,034	$	—	—%	—
Securitization No. 2	603,837		497,001		0.46%	06/14/37
ECA Term Financings	493,708		471,978		3.02% to 3.96%	12/3/21 to 11/30/24
Bank Financings	264,256		583,514		1.05% to 5.09%	09/15/15 to 04/19/25
Total secured debt financings	1,586,835		1,552,493
Unsecured Debt Financings:
Senior Notes due 2017	500,000		500,000		6.75%	04/15/17
Senior Notes due 2018(4)	450,527		—		—%	—
Senior Notes due 2018	400,000		400,000		4.625%	12/05/18
Senior Notes due 2019	500,000		500,000		6.250%	12/01/19
Senior Notes due 2020	300,000		300,000		7.625%	04/15/20
Senior Notes due 2021	—		500,000		5.125%	03/15/21
2014 Revolving Credit Facility(5)	—		—		N/A	03/31/18
Total unsecured debt financings	2,150,527		2,200,000
Total secured and unsecured debt financings	$	3,737,362	$	3,752,493

(1) Reflects the floating rate in effect at the applicable reset date plus the margin for Securitization No. 2 and six of our Bank Financings. All other financings have a fixed rate.

(2) For Securitization No. 2, all cash flows available after expenses and interest are applied to debt amortization.

(3) In February 2014, we repaid the outstanding amount plus accrued interest and fees due under Securitization No. 1 and terminated the related interest rate derivative, for a total cash payment of $255,186, with proceeds from our December 2013 issuance of our Senior Notes due 2018.

(4) Proceeds from the issuance of our Senior Notes due 2021 were used to pay-off the balance of our 9.75% Senior Notes due 2018 plus accrued interest of $10,238 and the call premium of $32,835 on April 25, 2014.

(5) On March 31, 2014, we amended and restructured our existing $335,000 2013 Revolving Credit Facility with a new unsecured revolving credit facility (the “2014 Revolving Credit Facility”).  The 2014 Revolving Credit Facility was increased to $450,000, has a term of four years and is scheduled to expire in March 2018 and was undrawn at June 30, 2014.