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Debt (Tables)

6 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

Schedule of indebtedness

The following table provides a summary of our indebtedness as of June 30, 2024 and December 31, 2023:

						June 30, 2024																																				December 31, 2023
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												$	30,915,349					$	—					$	30,915,349					3.64		%				2024-2041						$	31,215,349
Revolving credit facilities (d)												9,300,000						9,275,000						25,000						6.88		%				2025-2027						25,000
Other unsecured debt												3,975,000						—						3,975,000						6.75		%				2026-2028						3,055,000
TOTAL UNSECURED												$	44,190,349					$	9,275,000					$	34,915,349																	$	34,295,349
Secured
Export credit facilities (e)						38						1,109,113						140,000						969,113						2.50		%				2025-2035						1,034,687
Institutional secured term loans    & secured portfolio loans						200						6,557,290						—						6,557,290						6.05		%				2024-2032						7,667,363
AerFunding Revolving Credit     Facility						35						2,075,000						1,199,109						875,891						7.38		%				2027						1,032,151
Other secured debt (f)						10						672,028						326,954						345,074						5.87		%				2025-2041						415,982
Fair value adjustment												—						—						628																		993
TOTAL SECURED												$	10,413,431					$	1,666,063					$	8,747,996																	$	10,151,176
Subordinated
Subordinated Notes												2,250,000						—						2,250,000						6.63		%				2045-2079						2,250,000
TOTAL SUBORDINATED												$	2,250,000					$	—					$	2,250,000																	$	2,250,000
Debt issuance costs, debt discounts and debt premium																								(216,156)																		(212,622)
						283						$	56,853,780					$	10,941,063					$	45,697,189																	$	46,483,903

(a)The weighted average interest rate for our floating rate debt of $10.6 billion is calculated based on the applicable U.S. dollar 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 ten aircraft, 74 engines are pledged as collateral.

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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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