Debt (Tables)

3 Months Ended

Mar. 31, 2016

Summary of senior notes issuances (dollars in thousands)

The following table summarizes the Company’s senior unsecured notes issuances for the periods presented (dollars in thousands):


	Issuance
Period	Amount		Coupon Rate			Maturity Date		Net Proceeds
Year ended December 31, 2015:
January 21, 2015	$	600,000		3.400	%		2025	$	591,000
May 20, 2015	$	750,000		4.000	%		2025	$	739,000
December 1, 2015	$	600,000		4.000	%		2022	$	594,000

Summary of senior notes payoffs (dollars in thousands)

The following table summarizes the Company’s senior unsecured notes payoffs for the periods presented (dollars in thousands):


Period	Amount		Coupon Rate
Three months ended March 31, 2016:
February 1, 2016	$	500,000		3.750	%
Year ended December 31, 2015:
March 1, 2015	$	200,000		6.000	%
June 8, 2015	$	200,000		7.072	%

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

The following table summarizes the Company’s stated debt maturities and scheduled principal repayments at March 31, 2016, (in thousands):


					Senior
	Bank Line of				Unsecured		Mortgage
Year	Credit(1)		Term Loans(2)		Notes(3)		Debt(4)		Total(5)
2016 (nine months)	$	—	$	196,938	$	400,000	$	241,492	$	838,430
2017		—		—		750,000		581,891		1,331,891
2018		810,313		—		600,000		6,583		1,416,896
2019		—		316,250		450,000		2,072		768,322
2020		—		—		800,000		2,078		802,078
Thereafter		—		—		5,700,000		61,092		5,761,092
		810,313		513,188		8,700,000		895,208		10,918,709
Discounts, net		—		(1,451)		(76,624)		81		(77,994)
	$	810,313	$	511,737	$	8,623,376	$	895,289	$	10,840,715

(1)

Includes £275 million ($395 million) translated into U.S. dollars (“USD”).

(2)

Represents £357 million translated into USD.

(3)

Interest rates on senior unsecured notes ranged from 2.79% to 6.88% with a weighted average effective interest rate of 4.72% and a weighted average maturity of six years.

(4)

Interest rates on the mortgage debt ranged from 3.11% to 8.35% with a weighted average effective interest rate of 6.22% and a weighted average maturity of two years.

(5)

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