Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 Amendments

Debt (Tables)

v3.21.2
Debt (Tables)
6 Months Ended
Jun. 30, 2021
Debt Disclosure [Abstract]  
Schedule of indebtedness
The following table provides a summary of our indebtedness as of June 30, 2021 and December 31, 2020:
June 30, 2021 December 31, 2020
Debt obligation Collateral (Number of
 aircraft)
Commitment Undrawn amounts Amount outstanding Weighted average interest rate (a) Maturity Amount outstanding
Unsecured
ILFC Legacy Notes $ 1,034,274  $ —  $ 1,034,274  6.63  % 2022 $ 1,198,888 
AerCap Trust (b) & AICDC (c)
    Notes
13,253,097  —  13,253,097  4.07  % 2021-2028 12,797,126 
Asia Revolving Credit Facility 950,000  950,000  —  —  2022 — 
Citi Revolving Credit Facility 4,000,000  4,000,000  —  —  2024 — 
Other unsecured debt 1,717,125  —  1,717,125  1.93  % 2022-2023 1,759,000 
Fair value adjustment 13,038  21,716 
TOTAL UNSECURED $ 20,954,496  $ 4,950,000  $ 16,017,534  $ 15,776,730 
Secured
Export credit facilities (d) 33  1,256,251  —  1,256,251  2.06  % 2023-2033 1,023,912 
Institutional secured term loans
   & secured portfolio loans
184  6,710,679  —  6,710,679  2.59  % 2022-2032 6,989,633 
AerFunding Revolving Credit
    Facility
36  2,075,000  779,045  1,295,955  2.83  % 2025 2,074,881 
Other secured debt 23  1,057,786  327,772  730,014  3.22  % 2021-2039 778,273 
Fair value adjustment (1,406) (1,827)
TOTAL SECURED $ 11,099,716  $ 1,106,817  $ 9,991,493  $ 10,864,872 
Subordinated
Subordinated Notes
2,250,000  —  2,250,000  5.07 % 2025-2079 2,250,000 
Subordinated debt issued by joint
    ventures
43,521  —  43,521  —  2023-2026 43,521 
Fair value adjustment (217) (219)
TOTAL SUBORDINATED $ 2,293,521  $   $ 2,293,304  $ 2,293,302 
Debt issuance costs, debt discounts and debt premium
(203,711) (192,823)
276  $ 34,347,733  $ 6,056,817  $ 28,098,620  $ 28,742,081 
(a)The weighted average interest rate for our floating rate debt is calculated based on the U.S. dollar LIBOR rate as of the last 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 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)An additional $0.8 billion of commitment has been approved by the Export Credit Agencies, subject to customary conditions at drawdown.