Debt (Tables)

6 Months Ended

Jun. 30, 2019

The following table provides a summary of our indebtedness as of June 30, 2019 and December 31, 2018:



	June 30, 2019											December 31, 2018
Debt Obligation	Collateral (Number of aircraft)	Commitment		Undrawn amounts		Amount outstanding			Weighted average interest rate (a)		Maturity	Amount outstanding
Unsecured
ILFC Legacy Notes		$	2,900,000	$	—	$	2,900,000		7.09	%	2020 - 2022	$	4,900,000
AGAT/AICDC Notes		11,750,000		—		11,750,000			4.21	%	2020 - 2028	10,749,864
Asia Revolving Credit Facility		950,000		750,000		200,000			3.96	%	2022	200,000
Citi Revolving Credit Facility		4,000,000		4,000,000		—			—		2021	—
Other unsecured debt		1,956,000		—		1,956,000			3.85	%	2020 - 2023	1,160,000
Fair value adjustment		NA		NA		131,603			NA		NA	177,450
TOTAL UNSECURED		$	21,556,000	$	4,750,000	$	16,937,603					$	17,187,314
Secured
Export credit facilities	30	741,960		—		741,960			2.62	%	2019 - 2030	849,372
Institutional secured term loans & secured portfolio loans	269	8,567,360		724,000		7,843,360			3.97	%	2020 - 2030	7,533,028
AerFunding Revolving Credit Facility	16	2,500,000		1,601,462		898,538			4.41	%	2022	919,484
Other secured debt	44	1,193,432		—		1,193,432			4.36	%	2019 - 2037	1,633,099
Fair value adjustment		NA		NA		(2,204		)	NA		NA	(2,103		)
TOTAL SECURED		$	13,002,752	$	2,325,462	$	10,675,086					$	10,932,880
Subordinated
ECAPS Subordinated Notes		1,000,000		—		1,000,000			4.19	%	2065	1,000,000
Junior Subordinated Notes		500,000		—		500,000			6.50	%	2045	500,000
Subordinated debt issued by joint ventures		48,234		—		48,234			—		2019 - 2020	48,234
Fair value adjustment		NA		NA		(225		)	NA		NA	(225		)
TOTAL SUBORDINATED		$	1,548,234	$	—	$	1,548,009					$	1,548,009
Debt issuance costs, debt discounts and debt premium		NA		NA		(141,032		)	NA		NA	(160,616		)
	359	$	36,106,986	$	7,075,462	$	29,019,666					$	29,507,587

(a)

The weighted average interest rate for our floating rate debt is calculated based on the U.S. dollar LIBOR rate as of the last interest payment date of the respective debt, and excludes the impact of related derivative financial instruments which we hold to hedge our exposure to floating interest rates, as well as any amortization of debt issuance costs, debt discounts and debt premium. The institutional secured term loans and secured portfolio loans also contain base rate alternatives.