Subsequent Events

9 Months Ended

Sep. 30, 2014

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events

Declaration of Dividends/Distributions

The General Partner's board of directors declared the following dividends/distributions at its regularly scheduled board meeting held on October 29, 2014:

Class of stock/units	Quarterly Amount per Share or Unit	Record Date	Payment Date
Common	$0.17	November 14, 2014	November 28, 2014
Preferred (per depositary share or unit):
Series K	$0.406250	November 14, 2014	November 28, 2014
Series L	$0.412500	November 14, 2014	November 28, 2014

Amended and Restated Unsecured Line of Credit Agreement

In October 2014, we extended the Partnership's line of credit through January 2019 (with two six-month extension options) while increasing its borrowing capacity from $850.0 million to $1.2 billion, with the accordion feature remaining at $400.0 million for an aggregate total possible commitment of up to $1.6 billion, and reducing the interest rate on outstanding borrowings from LIBOR plus 1.25% to LIBOR plus 1.05%. Additionally, the amendment extended the term of the Partnership's existing variable rate term loan until January 2019 (with a one-year extension option), and such variable rate term loan now bears interest at a rate equal to LIBOR plus 1.15% based on the Partnership's current credit ratings.