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Debt Obligations (Tables) | 9 Months Ended
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Sep. 30, 2022
Debt Disclosure [Abstract] |
Schedule of Notes Payable | Debt obligations consisted of the following:
| September 30, 2022 |  | December 31, 2021
| (in thousands)
Credit facility at a floating rate of interest of one-month LIBOR plus 1.375% at September 30, 2022, secured by engines. The facility has a committed amount of $1.0 billion at September 30, 2022, which revolves until the maturity date of June 2024 | $ | 702,000 |  |  | $ | 590,000 |
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 | 264,954 |  |  | 273,723 |
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 | 36,804 |  |  | 38,022 |
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 | 16,156 |  |  | 18,158 |
WEST V Series A 2020 term notes payable at a fixed rate of interest of 3.23%, maturing in March 2045, secured by engines | 259,090 |  |  | 272,909 |
WEST V Series B 2020 term notes payable at a fixed rate of interest of 4.21%, maturing in March 2045, secured by engines | 35,998 |  |  | 38,004 |
WEST V Series C 2020 term notes payable at a fixed rate of interest of 6.66%, maturing in March 2045, secured by engines | 13,948 |  |  | 16,342 |
WEST IV Series A 2018 term notes payable at a fixed rate of interest of 4.75%, maturing in September 2043, secured by engines | 248,530 |  |  | 262,260 |
WEST IV Series B 2018 term notes payable at a fixed rate of interest of 5.44%, maturing in September 2043, secured by engines | 38,885 |  |  | 38,885 |
WEST III Series A 2017 term notes payable at a fixed rate of interest of 4.69%, maturing in August 2042, secured by engines | 215,309 |  |  | 223,815 |
WEST III Series B 2017 term notes payable at a fixed rate of interest of 6.36%, maturing in August 2042, secured by engines | 32,195 |  |  | 32,195 |
Note payable at a fixed rate of interest of 3.18%, maturing in July 2024, secured by an aircraft | 3,811 |  |  | 5,307 |
| 1,867,680 |  |  | 1,809,620 |
Less: unamortized debt issuance costs | (16,030) |  |  | (19,356) |
Total debt obligations | $ | 1,851,650 |  |  | $ | 1,790,264 |
Schedule or Debt Maturities | Principal outstanding at September 30, 2022, is expected to be repayable as follows:
Year |  | (in thousands)
2022 |  | $ | 37,599 |
2023 |  | 62,286 |
2024 |  | 763,453 |
2025 |  | 60,218 |
2026 |  | 282,385 |
Thereafter |  | 661,739 |
Total |  | $ | 1,867,680 |

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