AerCap has a long term, robust capital structure in place which is financed by a globally diverse lending group. At the end of Q4 2019, AerCap had over ~120 banking relationships providing circa $29bn of secured, unsecured and subordinated financing to the group. These lenders form an important role in the continued success of the company.
| Debt Facility | Amount Outstanding at December 31, 2019 USD $ million |
Final Maturity |
| Unsecured | ||
| Senior Unsecured Notes | 15,400 | 2028 |
| Other Unsecured Debt | 2,024 | 2023 |
| Fair value adjustment | 99 | NA |
| Total Unsecured | 17,523 | - |
| Secured | ||
| Export Credit Facilities | 565 | 2030 |
| Institutional Secured Term Loans & Secured Portfolio Loans | 7,303 | 2030 |
| AerFunding Revolving Credit Facility | 875 | 2022 |
| Other Secured Debt | 1,063 | 2037 |
| Fair value adjustment | -3 | NA |
| Total Secured | 9,804 | - |
| Subordinated | ||
| Subordinated Notes | 2,250 | 2079 |
| Subordinated Debt Issued by Joint Ventures | 48 | 2023 |
| Total Subordinated | 2,297 | - |
| Debt Issuance Costs and Debt Discounts | -138 | NA |
| Total | 29,486 | - |