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Debt (Tables)

6 Months Ended

Jun. 30, 2020

Debt Disclosure [Abstract]

Schedule of indebtedness

The following table provides a summary of our indebtedness as of June 30, 2020 and December 31, 2019:

						June 30, 2020																																																																		December 31, 2019
Debt obligation						Collateral (Number of aircraft)						Commitment						Undrawn amounts						Amount outstanding						Weighted average interest rate (a)						Maturity						Amount outstanding
Unsecured
International Lease Finance     Corporation (“ILFC”) Legacy     Notes												$	2,899,075					$	—					$	2,899,075					7.10 %						2020-2022						$	2,900,000
AerCap Trust (b) & AICDC (c)     Notes												13,249,000						—						13,249,000						4.35 %						2020-2028						12,500,000
Asia Revolving Credit Facility												950,000						950,000						—						—						2022						—
Citi Revolving Credit Facility												4,000,000						4,000,000						—						—						2024						—
Other unsecured debt												1,874,000						—						1,874,000						2.09 %						2021-2023						2,024,000
Fair value adjustment												NA						NA						65,821						NA						NA						99,093
TOTAL UNSECURED												$	22,972,075					$	4,950,000					$	18,087,896																	$	17,523,093
Secured
Export credit facilities						17						493,533						—						493,533						2.30 %						2021-2030						565,312
Institutional secured term loans    & secured portfolio loans						177						7,201,006						157,000						7,044,006						2.62 %						2022-2030						7,303,496
AerFunding Revolving Credit     Facility						46						2,500,000						554,965						1,945,035						2.17 %						2022						875,145
Other secured debt						42						1,321,883						353,900						967,983						3.42 %						2021-2037						1,062,756
Fair value adjustment												NA						NA						(2,305)						NA						NA						(2,835)
TOTAL SECURED												$	11,516,422					$	1,065,865					$	10,448,252																	$	9,803,874
Subordinated
Subordinated Notes												2,250,000						—						2,250,000						4.79 %						2025-2079						2,250,000
Subordinated debt issued by joint     ventures												43,521						—						43,521						—						2021-2023						47,521
Fair value adjustment												NA						NA						(220)						NA						NA						(222)
TOTAL SUBORDINATED												$	2,293,521					$	—					$	2,293,301																	$	2,297,299
Debt issuance costs, debt discounts and debt premium												NA						NA						(145,557)						NA						NA						(138,135)
						282						$	36,782,018					$	6,015,865					$	30,683,892																	$	29,486,131

(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.

(b)AerCap Global Aviation Trust (“AerCap Trust”).

(c)AerCap Ireland Capital Designated Activity Company, a designated activity company with limited liability incorporated under the laws of Ireland (“AICDC”).

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- Definition

Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

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