Debt (Tables)

6 Months Ended

Jun. 30, 2015

Summary of senior notes issuances (dollars in thousands)


Period	Amount		Coupon Rate			Maturity Date		Net Proceeds
Six months ended June 30, 2015:
January 21, 2015	$	600,000		3.400	%		2025	$	591,000
May 20, 2015	$	750,000		4.000	%		2025	$	738,570
Year ended December 31, 2014:
February 21, 2014	$	350,000		4.200	%		2024	$	346,000
August 14, 2014	$	800,000		3.875	%		2024	$	792,000

Summary of senior notes payoffs (dollars in thousands)


Period	Amount		Coupon Rate
Six months ended June 30, 2015:
March 1, 2015	$	200,000		6.00	%
June 8, 2015	$	200,000		7.07	%
Year ended December 31, 2014:
February 1, 2014	$	400,000		2.70	%
June 14, 2014	$	62,000		6.00	%
June 14, 2014	$	25,000		3 Month LIBOR+0.9	%

Summary of stated debt maturities and scheduled principal repayments (in thousands)


					Senior
	Bank Line of				Unsecured		Mortgage
Year	Credit(1)		Term Loans(2)		Notes(3)		Debt		Total(4)
2015 (Six months)	$	—	$	—	$	—	$	22,172	$	22,172
2016		—		215,487		900,000		292,222		1,407,709
2017		—		—		750,000		581,891		1,331,891
2018		1,022,324		—		600,000		6,583		1,628,907
2019		—		346,038		450,000		2,072		798,110
Thereafter		—		—		5,900,000		63,170		5,963,170
		1,022,324		561,525		8,600,000		968,110		11,151,959
Discounts, net		—		—		(32,707)		(1,038)		(33,745)
	$	1,022,324	$	561,525	$	8,567,293	$	967,072	$	11,118,214

(1) Includes £269 million translated into U.S. dollars.

(2) Represents £357 million translated into U.S. dollars.

(3) Interest rates on the notes ranged from 2.79% to 6.88% with a weighted average effective interest rate of 4.71% and a weighted average maturity of six years.

(4) Excludes $95 million of other debt that represents Life Care Bonds and Demand Notes that have no scheduled maturities.