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v3.21.2

Debt Obligations - Schedule of Notes Payable (Details) | 6 Months Ended |  |
--- | --- | --- | ---
Jun. 30, 2021 USD ($) airframe | May 31, 2021 engine | Dec. 31, 2020 USD ($)
Long Term Debt |  |  |
Number of assets used to secure debt | engine |  | 2 |
Gross amount of debt | $ 1,932,788,000 |  | $ 1,712,886,000
Less: unamortized debt issuance costs | (21,629,000) |  | (19,133,000)
Total debt obligations | 1,911,159,000 |  | 1,693,753,000
Credit facility at a floating rate of interest of one-month LIBOR plus 1.75% at June 30, 2021, secured by engines. The facility has a committed amount of $1.0 billion at June 30, 2021, which revolves until the maturity date of June 2024 |  |  |
Long Term Debt |  |  |
Line of credit facility outstanding amount | $ 688,000,000 |  | 777,000,000
WEST VI Series A 2021 term notes payable at a fixed rate of interest of 3.10%, maturing in May 2046, secured by engines and one airframe |  |  |
Long Term Debt |  |  |
Fixed rate (as a percent) | 3.10% | 3.104% |
Number of assets used to secure debt | airframe | 1 |  |
Gross amount of debt | $ 277,966,000 |  | 0
WEST VI Series B 2021 term notes payable at a fixed rate of interest of 5.44%, maturing in May 2046, secured by engines and one airframe |  |  |
Long Term Debt |  |  |
Fixed rate (as a percent) | 5.44% | 5.438% |
Number of assets used to secure debt | airframe | 1 |  |
Gross amount of debt | $ 38,612,000 |  | 0
WEST VI Series C 2021 term notes payable at a fixed rate of interest of 7.39%, maturing in May 2046, secured by engines and one airframe |  |  |
Long Term Debt |  |  |
Fixed rate (as a percent) | 7.39% | 7.385% |
Number of assets used to secure debt | airframe | 1 |  |
Gross amount of debt | $ 19,400,000 |  | 0
WEST V Series A 2020 term notes payable at a fixed rate of interest of 3.23%, maturing in March 2045, secured by engines |  |  |
Long Term Debt |  |  |
Fixed rate (as a percent) | 3.23% |  |
Gross amount of debt | $ 280,197,000 |  | 286,863,000
WEST V Series B 2020 term notes payable at a fixed rate of interest of 4.21%, maturing in March 2045, secured by engines |  |  |
Long Term Debt |  |  |
Fixed rate (as a percent) | 4.21% |  |
Gross amount of debt | $ 38,931,000 |  | 39,855,000
WEST V Series C 2020 term notes payable at a fixed rate of interest of 6.66%, maturing in March 2045, secured by engines |  |  |
Long Term Debt |  |  |
Fixed rate (as a percent) | 6.66% |  |
Gross amount of debt | $ 18,533,000 |  | 19,043,000
WEST IV Series A 2018 term notes payable at a fixed rate of interest of 4.75%, maturing in September 2043, secured by engines |  |  |
Long Term Debt |  |  |
Fixed rate (as a percent) | 4.75% |  |
Gross amount of debt | $ 269,970,000 |  | 277,481,000
WEST IV Series B 2018 term notes payable at a fixed rate of interest of 5.44%, maturing in September 2043, secured by engines |  |  |
Long Term Debt |  |  |
Fixed rate (as a percent) | 5.44% |  |
Gross amount of debt | $ 38,885,000 |  | 39,640,000
WEST III Series A 2017 term notes payable at a fixed rate of interest of 4.69%, maturing in August 2042, secured by engines |  |  |
Long Term Debt |  |  |
Fixed rate (as a percent) | 4.69% |  |
Gross amount of debt | $ 223,815,000 |  | 227,138,000
WEST III Series B 2017 term notes payable at a fixed rate of interest of 6.36%, maturing in August 2042, secured by engines |  |  |
Long Term Debt |  |  |
Fixed rate (as a percent) | 6.36% |  |
Gross amount of debt | $ 32,195,000 |  | 32,481,000
Note payable at three-month LIBOR plus a margin ranging from 1.85% to 2.50%, repaid in May 2021, secured by engines |  |  |
Long Term Debt |  |  |
Gross amount of debt | $ 0 |  | 6,138,000
Note payable at a fixed rate of interest of 3.18%, maturing in July 2024, secured by an aircraft |  |  |
Long Term Debt |  |  |
Fixed rate (as a percent) | 3.18% |  |
Gross amount of debt | $ 6,284,000 |  | $ 7,247,000
Revolving credit facility | Credit facility at a floating rate of interest of one-month LIBOR plus 1.75% at June 30, 2021, secured by engines. The facility has a committed amount of $1.0 billion at June 30, 2021, which revolves until the maturity date of June 2024 |  |  |
Long Term Debt |  |  |
Line of credit facility, maximum borrowing capacity | $ 1,000,000,000.0 |  |
LIBOR | Credit facility at a floating rate of interest of one-month LIBOR plus 1.75% at June 30, 2021, secured by engines. The facility has a committed amount of $1.0 billion at June 30, 2021, which revolves until the maturity date of June 2024 |  |  |
Long Term Debt |  |  |
Variable rate (as a percent) | 1.75% |  |
LIBOR | Note payable at three-month LIBOR plus a margin ranging from 1.85% to 2.50%, repaid in May 2021, secured by engines | Minimum |  |  |
Long Term Debt |  |  |
Variable rate (as a percent) | 1.85% |  |
LIBOR | Note payable at three-month LIBOR plus a margin ranging from 1.85% to 2.50%, repaid in May 2021, secured by engines | Maximum |  |  |
Long Term Debt |  |  |
Variable rate (as a percent) | 2.50% |  |

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