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v3.23.2

Debt (Tables) | 6 Months Ended
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Jun. 30, 2023
Debt Disclosure [Abstract] |
Schedule of indebtedness | The following table provides a summary of our indebtedness as of June 30, 2023 and December 31, 2022:
|  | June 30, 2023 |  | December 31, 2022
Debt obligation |  | Collateral (number of aircraft and helicopters) |  | Commitment |  | Undrawn amounts |  | Amount outstanding |  | Weighted average interest rate (a) |  | Maturity |  | Amount outstanding
Unsecured |  |  |  |  |  |  |  |  |  |  |  |  |  |
AerCap Trust (b) & AICDC (c) Notes |  |  |  | $ | 32,100,000 |  |  | $ | — |  |  | $ | 32,100,000 |  |  | 3.06 | % |  | 2041 |  | $ | 32,700,000 |
Revolving credit facilities (d) |  |  |  | 9,300,000 |  |  | 9,300,000 |  |  | — |  |  | — |  |  | 2027 |  | — |
Other unsecured debt |  |  |  | 2,124,500 |  |  | — |  |  | 2,124,500 |  |  | 6.58 | % |  | 2026 |  | 2,010,500 |
TOTAL UNSECURED |  |  |  | $ | 43,524,500 |  |  | $ | 9,300,000 |  |  | $ | 34,224,500 |  |  |  |  |  |  | $ | 34,710,500 |
Secured |  |  |  |  |  |  |  |  |  |  |  |  |  |
Export credit facilities (e) |  | 36 |  |  | 953,844 |  |  | — |  |  | 953,844 |  |  | 2.12 | % |  | 2033 |  | 1,058,269 |
Institutional secured term loans & secured portfolio loans |  | 270 |  |  | 8,277,116 |  |  | 710,500 |  |  | 7,566,616 |  |  | 6.07 | % |  | 2032 |  | 7,499,339 |
AerFunding Revolving Credit Facility |  | 39 |  |  | 2,075,000 |  |  | 991,231 |  |  | 1,083,769 |  |  | 7.20 | % |  | 2027 |  | 717,558 |
Other secured debt (f) |  | 14 |  |  | 727,467 |  |  | 295,569 |  |  | 431,898 |  |  | 5.58 | % |  | 2039 |  | 537,232 |
Fair value adjustment |  |  |  | — |  |  | — |  |  | 1,459 |  |  |  |  |  |  | 1,778 |
TOTAL SECURED |  |  |  | $ | 12,033,427 |  |  | $ | 1,997,300 |  |  | $ | 10,037,586 |  |  |  |  |  |  | $ | 9,814,176 |
Subordinated |  |  |  |  |  |  |  |  |  |  |  |  |  |
Subordinated Notes |  |  |  | 2,250,000 |  |  | — |  |  | 2,250,000 |  |  | 6.59 | % |  | 2079 |  | 2,250,000 |
Subordinated debt issued by VIEs |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 27,219 |
Fair value adjustment |  |  |  | — |  |  | — |  |  | — |  |  |  |  |  |  | (212) |
TOTAL SUBORDINATED |  |  |  | $ | 2,250,000 |  |  | $ | — |  |  | $ | 2,250,000 |  |  |  |  |  |  | $ | 2,277,007 |
Debt issuance costs, debt discounts and debt premium |  |  |  |  |  |  |  | (256,243) |  |  |  |  |  |  | (268,723) |
|  | 359 |  |  | $ | 57,807,927 |  |  | $ | 11,297,300 |  |  | $ | 46,255,843 |  |  |  |  |  |  | $ | 46,532,960 |
(a)The weighted average interest rate for our floating rate debt of $9.8 billion is calculated based on the applicable U.S. dollar LIBOR or SOFR rate, as applicable, as of the most recent 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 interest alternatives. (b)AerCap Global Aviation Trust, a Delaware Statutory Trust (“AerCap Trust”). (c)AerCap Ireland Capital Designated Activity Company, a designated activity company with limited liability incorporated under the laws of Ireland (“AICDC”). (d)Asia Revolver and Citi Revolvers (the “Revolving credit facilities”). (e)An additional $0.8 billion of commitment has been approved by the Export Credit Agencies, subject to customary conditions at drawdown. (f)In addition to the 14 aircraft, 68 engines are pledged as collateral.

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