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Senior Notes (Tables)
6 Months Ended
Jun. 30, 2016
Debt Disclosure [Abstract]  
Schedule Of Corporate Debt

The following table summarizes our senior notes as of June 30, 2016 and December 31, 2015 (in thousands):

 

 

 

June 30, 2016

 

 

December 31,

2015

 

3.50% senior notes, due 2020 1

 

$

300,000

 

 

$

300,000

 

5.375% senior notes, due 2022 2

 

 

150,000

 

 

 

150,000

 

4.250% senior notes, due 2024 3

 

 

300,000

 

 

 

300,000

 

 

 

 

750,000

 

 

 

750,000

 

Debt issuance costs

 

 

(9,215

)

 

 

(9,864

)

 

 

$

740,785

 

 

$

740,136

 

 

1

In December 2015, we sold in a registered underwritten public offering, $300.0 million in aggregate principal amount of 3.50% senior notes due December 2020. Interest on these senior notes is payable semi-annually in arrears. We may redeem the notes in whole or in part, at our option, at a redemption price equal to 100% of their principal amount, plus a “make-whole” premium and accrued and unpaid interest, if any, to the date of redemption.

2

In December 2012, we sold in a registered underwritten public offering, $150.0 million in aggregate principal amount of 5.375% senior notes due December 2022. Interest on these senior notes is payable quarterly in arrears. We may redeem some or all of the senior notes at any time at a redemption price equal to 100% of the principal amount of the notes being redeemed plus accrued interest thereon to the redemption date.

3

In July 2014, we sold in a registered underwritten public offering, $300.0 million in aggregate principal amount of 4.250% senior notes due July 2024. Interest on these senior notes is payable semi-annually in arrears. We may redeem the notes in whole or in part, at our option, at a redemption price equal to 100% of their principal amount, plus a “make-whole” premium and accrued and unpaid interest, if any, to the date of redemption.

Schedule Of Corporate Date Maturity

Our senior notes mature as follows, based upon contractual terms (in thousands):

 

2016

 

$

 

2017

 

 

 

2018

 

 

 

2019

 

 

 

2020

 

 

300,000

 

Thereafter

 

 

450,000

 

 

 

$

750,000