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Debt (Tables)
 12 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Schedule of Senior Unsecured Credit Facilities
The following table presents a summary of our Senior Unsecured Credit Facility (dollars in thousands):
Senior Unsecured Credit Facility
Interest Rate at December 31, 2023 (a)
Maturity Date at December 31, 2023
Principal Outstanding Balance at
December 31,
20232022
Unsecured Term Loans: (b)
Unsecured Term Loan due 2026 — borrowing in euros (c)
4.34%
4/24/2026$552,500 $— 
GBP Term Loan due 2028 — borrowing in British pounds sterling (d)
SONIA + 0.85%
2/14/2028343,306 324,695 
EUR Term Loan due 2028 — borrowing in euros (e)
EURIBOR + 0.85%
2/14/2028237,575 229,319 
1,133,381 554,014 
Unsecured Revolving Credit Facility:
Borrowing in euros (e)
EURIBOR + 0.775%
2/14/2029386,750 258,117 
Borrowing in Japanese yen (f)
TIBOR + 0.775%
2/14/202917,035 18,275 
403,785 276,392 
$1,537,166 $830,406 
__________
(a)The applicable interest rate at December 31, 2023 was based on the credit rating for our Senior Unsecured Notes of BBB+/Baa1.
(b)Balances exclude unamortized discount of $7.4 million and $1.5 million at December 31, 2023 and 2022, respectively, and unamortized deferred financing costs of $0.4 million at December 31, 2023.
(c)Interest rate is subject to variable-to-fixed interest rate swaps that fix the total per annum interest rate at 4.34% through December 31, 2024.
(d)SONIA means Sterling Overnight Index Average.
(e)EURIBOR means Euro Interbank Offered Rate.
(f)TIBOR means Tokyo Interbank Offered Rate.
Schedule of Senior Unsecured Notes The following table presents a summary of our Senior Unsecured Notes outstanding at December 31, 2023 (currency in thousands):
Principal AmountCoupon RateMaturity DatePrincipal Outstanding Balance at December 31,
Senior Unsecured Notes, net (a)
Issue Date20232022
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 %7/19/2024552,500 533,300 
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 %4/9/2026552,500 533,300 
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 %4/15/2027552,500 533,300 
1.35% Senior Notes due 2028
9/19/2019€500,000 1.35 %4/15/2028552,500 533,300 
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 %9/28/2029165,750 159,990 
0.95% Senior Notes due 2030
3/8/2021€525,000 0.95 %6/1/2030580,125 559,965 
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 %9/28/2032221,000 213,320 
2.25% Senior Notes due 2033
2/25/2021$425,000 2.25 %4/1/2033425,000 425,000 
$6,076,875 $5,966,475 
__________
(a)Aggregate balance excludes unamortized deferred financing costs totaling $21.1 million and $25.9 million, and unamortized discount totaling $20.1 million and $24.1 million at December 31, 2023 and 2022, respectively.
Scheduled Debt Principal Payments
Scheduled debt principal payments as of December 31, 2023 are as follows (in thousands):
Years Ending December 31, Total
2024$1,278,749 
2025707,259 
20261,547,876 
2027553,168 
20281,134,088 
Thereafter through 20392,976,345 
Total principal payments8,197,485 
Unamortized discount, net(31,817)
Unamortized deferred financing costs(21,486)
Total$8,144,182