Debt (Tables)

6 Months Ended

Jun. 30, 2025

The following table provides a summary of our indebtedness as of June 30, 2025 and December 31, 2024:


	June 30, 2025										December 31, 2024
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		$	30,650,000	$	—	$	30,650,000	4.01	%	2025-2041	$	29,950,000
Revolving credit facilities (d)		9,450,000		9,425,000		25,000		5.83	%	2027-2028	25,000
Other unsecured debt		5,225,500		145,000		5,080,500		5.50	%	2027-2032	4,775,000

TOTAL UNSECURED		$	45,325,500	$	9,570,000	$	35,755,500				$	34,750,000
Secured
Export credit facilities (e)	37	909,151		—		909,151		3.02	%	2026-2036	974,269
Institutional secured term loans & secured portfolio loans (f)	200	6,293,813		101,451		6,192,362		5.33	%	2025-2034	6,238,520
AerFunding Revolving Credit Facility	26	2,250,000		1,282,235		967,765		6.01	%	2029	1,010,699
Other secured debt (g)	10	586,592		305,060		281,532		5.61	%	2026-2041	313,651
Fair value adjustment		—		—		118					356
TOTAL SECURED		$	10,039,556	$	1,688,746	$	8,350,928				$	8,537,495
Subordinated
Subordinated Notes		2,250,000		—		2,250,000		6.66	%	2055-2065	2,250,000

TOTAL SUBORDINATED		$	2,250,000	$	—	$	2,250,000				$	2,250,000
Debt issuance costs, debt discounts and debt premium						(242,936)					(242,984)
	273	$	57,615,056	$	11,258,746	$	46,113,492				$	45,294,511

(a)The weighted average interest rate for our floating rate debt of $11.4 billion is calculated based on the applicable U.S. dollar SOFR rate, 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 $1.1 billion of commitment has been approved by the Export Credit Agencies, subject to customary conditions at drawdown.

(f)In addition to the 200 aircraft, 13 engines are pledged as collateral.

(g)In addition to the ten aircraft, 74 engines are pledged as collateral.