Debt (Tables)

12 Months Ended

Dec. 31, 2016

The following table presents a summary of our Senior Unsecured Credit Facility (dollars in millions):



	Interest Rate at December 31, 2016 ^(a)		Principal Outstanding Balance at December 31,
Senior Unsecured Credit Facility	Interest Rate at December 31, 2016 ^(a)	Maturity Date	2016		2015
Revolver:
Revolver - borrowing in U.S. dollars ^(b)	LIBOR + 1.10%	1/31/2018	$	390.0	$	92.0
Revolver - borrowing in euros ^{(b) (c)}	EURIBOR + 1.10%	1/31/2018	286.7		393.0
			676.7		485.0
Term Loan Facility ^{(b) (d)}	LIBOR + 1.25%	1/31/2017	250.0		250.0
			$	926.7	$	735.0

__________


(a)	Interest rate at December 31, 2016 is based on our credit rating of BBB/Baa2.

(b)

Our Term Loan Facility was scheduled to mature on January 31, 2017. However, on January 26, 2017, we exercised our option to extend the maturity of our Term Loan Facility by an additional year to January 31, 2018 (Note 20). In addition, on February 22, 2017, we entered into our Amended Credit Facility and increased the capacity of our unsecured line of credit to $1.85 billion, and extended the maturity dates of our revolving line of credit by four years and our term loan by five years (Note 20).


(c)	EURIBOR means Euro Interbank Offered Rate.


(d)	Balance excludes unamortized deferred financing costs of less than $0.1 million and $0.3 million at December 31, 2016 and 2015, respectively (Note 2).

Schedule of Debt

The following table presents a summary of our Senior Unsecured Notes (currency in millions):



		Principal Amount		Price of Par Value		Original Issue Discount		Effective Interest Rate		Coupon Rate		Maturity Date	Principal Outstanding Balance at December 31,
Senior Unsecured Notes, net ^(a)	Issue Date	Principal Amount		Price of Par Value		Original Issue Discount		Effective Interest Rate		Coupon Rate		Maturity Date	2016		2015
2.0% Senior Notes	1/21/2015	€	500.0	99.220	%	$	4.6	2.107	%	2.0	%	1/20/2023	$	527.1	$	544.4
4.6% Senior Notes	3/14/2014	$	500.0	99.639	%	$	1.8	4.645	%	4.6	%	4/1/2024	500.0		500.0
4.0% Senior Notes	1/26/2015	$	450.0	99.372	%	$	2.8	4.077	%	4.0	%	2/1/2025	450.0		450.0
4.25% Senior Notes	9/12/2016	$	350.0	99.682	%	$	1.1	4.290	%	4.3	%	10/1/2026	350.0		—
													$	1,827.1	$	1,494.4

Scheduled Debt Principal Payments

Scheduled debt principal payments during each of the next five calendar years following December 31, 2016 and thereafter through 2027 are as follows (in thousands):



Years Ending December 31,	Total ^(a)
2017	$	768,480
2018	940,391
2019	99,566
2020	217,044
2021	156,985
Thereafter through 2027	2,279,751
Total principal payments	4,462,217
Deferred financing costs ^(b)	(13,403		)
Unamortized discount, net ^(c)	(8,000		)
Total	$	4,440,814

__________


(a)	Certain amounts are based on the applicable foreign currency exchange rate at December 31, 2016.


(b)	In accordance with ASU 2015-03, we reclassified deferred financing costs from Other assets, net to Non-recourse debt, net, Senior Unsecured Notes, net, and Senior Unsecured Credit Facility - Term Loan, net as of December 31, 2015 (Note 2).


(c)	Represents the unamortized discount on the Senior Unsecured Notes totaling $7.8 million and the unamortized discount of $0.2 million in the aggregate resulting from the assumption of property-level debt in connection with the CPA^®:15 Merger and CPA^®:16 Merger.