Subsequent Events

6 Months Ended

Jun. 30, 2014

Subsequent Events

Subsequent Events

19. Subsequent Events

Credit Facility Extension and Expansion.On July 25, 2014, we closed on a new unsecured credit facility with a consortium of 28 banks that includes a $2,500,000,000 revolving line of credit, a $500,000,000 term loan and a $250,000,000 Canadian denominated term loan.  The revolver is priced at 1.05% over LIBOR with a 0.20% annual facility fee based on current credit ratings. We have an option to upsize the facility by up to an additional $1,000,000,000 through an accordion feature. The facility also allows us to borrow up to $500,000,000 in alternate currencies. The term loans are priced at 1.15% over LIBOR for U.S. tranche and CDOR for Canadian tranche based on our current credit ratings.  Among other things, the new facility provides us with additional borrowing capacity and extends the agreement to October 31, 2018.  It can be extended for an additional year at our option.