Debt (Tables)

9 Months Ended

Sep. 30, 2015

Summary of senior notes issuances (dollars in thousands)


Period	Amount		Coupon Rate			Maturity Date		Net Proceeds
Nine months ended September 30, 2015:
January 21, 2015	$	600,000		3.400	%		2025	$	591,000
May 20, 2015	$	750,000		4.000	%		2025	$	739,000
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
Nine months ended September 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(4)		Total(5)
2015 (three months)	$	—	$	—	$	—	$	7,542	$	7,542
2016		—		207,528		900,000		279,194		1,386,722
2017		—		—		750,000		581,891		1,331,891
2018		1,000,824		—		600,000		6,583		1,607,407
2019		—		333,256		450,000		2,072		785,328
Thereafter		—		—		5,900,000		63,170		5,963,170
		1,000,824		540,784		8,600,000		940,452		11,082,060
Discounts, net		—		—		(31,271)		(470)		(31,741)
	$	1,000,824	$	540,784	$	8,568,729	$	939,982	$	11,050,319

(1)

Includes £242 million ($366 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)

Interest rates on the mortgage debt ranged from 3.16% to 8.35% with a weighted average effective interest rate of 6.21% and a weighted average maturity of three years.

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