Borrowings from Secured and Unsecured Debt Financings (Tables)

12 Months Ended

Dec. 31, 2015

Debt Disclosure [Abstract]

Outstanding amounts of secured and unsecured term debt financings

The following securitization structure includes liquidity facility commitments described in the table below:

Facility

Liquidity

Facility Provider

Available Liquidity

Unused

Fee

Interest Rate

on any Advances

December 31,
2015

December 31,
2014

Securitization No. 2

HSH Nordbank AG

65,000

0.50%

1 M Libor + 0.75

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



	At December 31, 2015						At December 31, 2014
Debt Obligation	Outstanding Borrowings			Number of Aircraft	Interest Rate⁽¹⁾	Final Stated Maturity	Outstanding Borrowings
Secured Debt Financings:
Securitization No. 2⁽²⁾	$	125,366		23	0.59%	06/14/37	$	391,680
ECA Term Financings	404,491			8	3.02% to 3.96%	12/03/21 to 11/30/24	449,886
Bank Financings	636,970			13	1.32% to 5.09%	10/26/17 to 01/19/26	554,888
Less: Debt Issuance Costs	(20,589		)				(23,323		)
Total secured debt financings, net of debt issuance costs	1,146,238			44			1,373,131
Unsecured Debt Financings:
Senior Notes due 2017	500,000				6.750%	04/15/17	500,000
Senior Notes due 2018	400,000				4.625%	12/05/18	400,000
Senior Notes due 2019	500,000				6.250%	12/01/19	500,000
Senior Notes due 2020	300,000				7.625%	04/15/20	300,000
Senior Notes due 2021	500,000				5.125%	03/15/21	500,000
Senior Notes due 2022	500,000				5.500%	02/15/22	—
Revolving Credit Facility	225,000				2.672%	05/13/19	200,000
Less: Debt Issuance Costs	(30,082		)				(28,544		)
Total unsecured debt financings, net of debt issuance costs	2,894,918						2,371,456
Total secured and unsecured debt financings, net of debt issuance costs	$	4,041,156					$	3,744,587

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(1)	Reflects the floating rate in effect at the applicable reset date plus the margin for Securitization No. 2, three of our Bank Financings and our Revolving Credit Facility. 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.

Schedule of Maturities of Long-term Debt

$450,000 to $600,000. On May 13, 2015, we extended the maturity of our Revolving Credit Facility to May 13, 2019. At December 31, 2015, we had $225,000 drawn on the facility.

Maturities of the secured and unsecured debt financings over the next five years and thereafter are as follows:



Year Ending December 31,	Amount
2016	$	221,936
2017	672,027
2018	521,864
2019	834,661
2020	412,240
Thereafter	1,433,268
Total	$	4,095,996

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