Debt (Tables)

6 Months Ended

Jun. 30, 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 unsecured 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
Six months ended June 30, 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 June 30, 2016 (in thousands):


					Senior
	Bank Line of				Unsecured		Mortgage
Year	Credit(1)		Term Loans(2)		Notes(3)		Debt(4)		Total(5)
2016 (six months)	$	—	$	—	$	400,000	$	34,240	$	434,240
2017		—		183,868		750,000		581,891		1,515,759
2018		869,078		—		600,000		6,583		1,475,661
2019		—		295,262		450,000		2,072		747,334
2020		—		—		800,000		2,078		802,078
Thereafter		—		—		5,700,000		61,092		5,761,092
		869,078		479,130		8,700,000		687,956		10,736,164
(Discounts), premiums and debt costs, net		—		(1,240)		(73,441)		954		(73,727)
	$	869,078	$	477,890	$	8,626,559	$	688,910	$	10,662,437

(1)

Includes £275 million ($369 million) translated into U.S. dollars (“USD”).

(2)

Represents £357 million translated into USD. Reflects a one-year extension option on the 2012 Term Loan that was exercised in July 2016.

(3)

Effective 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)

Effective interest rates on the mortgage debt ranged from 3.08% to 8.23% with a weighted average effective interest rate of 6.06% and a weighted average maturity of three years.

(5)

Excludes $93 million of other debt that represents Life Care Bonds and Demand Notes (each as defined below) that have no scheduled maturities.