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Debt Obligations (Tables)
9 Months Ended
Sep. 30, 2023
Debt Disclosure [Abstract]  
Schedule of Notes Payable
Debt obligations consisted of the following:
September 30,
2023
December 31,
2022
(in thousands)
Credit facility at a floating rate of interest of one-month term Secured Overnight Financing Rate (“SOFR”) plus 1.75% at September 30, 2023, secured by engines. The facility has a committed amount of $1.0 billion at September 30, 2023, which revolves until the maturity date of June 2024
$730,000 $727,000 
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
255,305 262,779 
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
35,464 36,502 
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
12,945 14,738 
WEST V Series A 2020 term notes payable at a fixed rate of interest of 3.23%, maturing in March 2045, secured by engines
244,959 255,136 
WEST V Series B 2020 term notes payable at a fixed rate of interest of 4.21%, maturing in March 2045, secured by engines
34,125 35,542 
WEST V Series C 2020 term notes payable at a fixed rate of interest of 6.66%, maturing in March 2045, secured by engines
11,395 13,314 
WEST IV Series A 2018 term notes payable at a fixed rate of interest of 4.75%, maturing in September 2043, secured by engines
217,765 238,072 
WEST IV Series B 2018 term notes payable at a fixed rate of interest of 5.44%, maturing in September 2043, secured by engines
30,777 36,386 
WEST III Series A 2017 term notes payable at a fixed rate of interest of 4.69%, maturing in August 2042, secured by engines
182,991 209,061 
WEST III Series B 2017 term notes payable at a fixed rate of interest of 6.36%, maturing in August 2042, secured by engines
24,729 30,255 
Note payable at a fixed rate of interest of 4.23%, maturing in July 2031, secured by an engine
17,825 — 
Note payable at a fixed rate of interest of 3.18%, maturing in July 2024, secured by an aircraft
1,759 3,304 
1,800,039 1,862,089 
Less: unamortized debt issuance costs(12,015)(14,811)
Total debt obligations$1,788,024 $1,847,278 
Schedule or Debt Maturities
Principal outstanding at September 30, 2023, is expected to be repayable as follows:

Year(in thousands)
2023$15,342 
2024789,963 
202558,732 
2026261,319 
2027183,396 
Thereafter491,287 
Total$1,800,039