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Debt (Tables)
 6 Months Ended
Jun. 30, 2023
Debt Disclosure [Abstract]  
Schedule of Unsecured Term Loans and Revolving Credit Facility
The following table presents a summary of our Unsecured Term Loans and Unsecured Revolving Credit Facility (dollars in thousands):
Unsecured Term Loans and Unsecured Revolving Credit Facility
Interest Rate at
June 30, 2023 (a)
Maturity Date at June 30, 2023
Principal Outstanding Balance at
June 30, 2023December 31, 2022
Unsecured Term Loans:
Unsecured Term Loan due 2026 — borrowing in euros (b)
4.34%
4/24/2026$543,300 $— 
Term Loan due 2025 — borrowing in British pounds sterling (c) (d)
SONIA + 0.85%
2/20/2025341,825 324,695 
Delayed Draw Term Loan due 2025 — borrowing in euros (e)
EURIBOR + 0.85%
2/20/2025233,619 229,319 
1,118,744 554,014 
Unsecured Revolving Credit Facility:
Borrowing in euros (e)
EURIBOR + 0.775%
2/20/2025402,042 258,117 
Borrowing in U.S. dollars (f)
SOFR + 0.775%
2/20/2025110,000 — 
Borrowing in Japanese yen (g)
TIBOR + 0.775%
2/20/202516,663 18,275 
528,705 276,392 


$1,647,449 $830,406 
__________
(a)The applicable interest rate at June 30, 2023 was based on the credit rating for our Senior Unsecured Notes of BBB+/Baa1.
(b)Balance excludes unamortized discount of $3.8 million and unamortized deferred financing costs of $0.3 million at June 30, 2023.
(c)SONIA means Sterling Overnight Index Average and includes a spread adjustment of 0.0326%.
(d)Balance excludes unamortized discount of $1.1 million and $1.5 million at June 30, 2023 and December 31, 2022, respectively
(e)EURIBOR means Euro Interbank Offered Rate.
(f)SOFR includes a spread adjustment of 0.10%.
(g)TIBOR means Tokyo Interbank Offered Rate.
Schedule of Senior Unsecured Notes The following table presents a summary of our Senior Unsecured Notes outstanding at June 30, 2023 (currency in thousands):
Principal AmountCoupon RateMaturity DatePrincipal Outstanding Balance at
Senior Unsecured Notes, net (a)
Issue DateJune 30, 2023December 31, 2022
4.6% Senior Notes due 2024
3/14/2014$500,000 4.6 %4/1/2024$500,000 $500,000 
2.25% Senior Notes due 2024
1/19/2017€500,000 2.25 %7/19/2024543,300 533,300 
4.0% Senior Notes due 2025
1/26/2015$450,000 4.0 %2/1/2025450,000 450,000 
2.25% Senior Notes due 2026
10/9/2018€500,000 2.25 %4/9/2026543,300 533,300 
4.25% Senior Notes due 2026
9/12/2016$350,000 4.25 %10/1/2026350,000 350,000 
2.125% Senior Notes due 2027
3/6/2018€500,000 2.125 %4/15/2027543,300 533,300 
1.35% Senior Notes due 2028
9/19/2019€500,000 1.35 %4/15/2028543,300 533,300 
3.85% Senior Notes due 2029
6/14/2019$325,000 3.85 %7/15/2029325,000 325,000 
3.41% Senior Notes due 2029
9/28/2022€150,000 3.41 %9/28/2029162,990 159,990 
0.95% Senior Notes due 2030
3/8/2021€525,000 0.95 %6/1/2030570,465 559,965 
2.4% Senior Notes due 2031
10/14/2020$500,000 2.4 %2/1/2031500,000 500,000 
2.45% Senior Notes due 2032
10/15/2021$350,000 2.45 %2/1/2032350,000 350,000 
3.7% Senior Notes due 2032
9/28/2022€200,000 3.7 %9/28/2032217,320 213,320 
2.25% Senior Notes due 2033
2/25/2021$425,000 2.25 %4/1/2033425,000 425,000 
$6,023,975 $5,966,475 
__________
(a)Aggregate balance excludes unamortized deferred financing costs totaling $23.5 million and $25.9 million, and unamortized discount totaling $22.1 million and $24.1 million, at June 30, 2023 and December 31, 2022, respectively.
Scheduled Debt Principal Payments
Scheduled debt principal payments as of June 30, 2023 are as follows (in thousands):
Years Ending December 31, Total
2023 (remainder)$278,231 
20241,241,957 
20251,972,988 
20261,536,988 
2027543,968 
Thereafter through 20393,100,466 
Total principal payments8,674,598 
Unamortized discount, net(34,796)
Unamortized deferred financing costs(23,877)
Total$8,615,925