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Subsequent Events
3 Months Ended
Mar. 31, 2020
Subsequent Events [Abstract]  
Subsequent Events
15. Subsequent Events
COVID-19 Risks and Uncertainties
In March 2020, the World Health Organization declared the novel strain of coronavirus ("COVID-19") a global pandemic and recommended containment and mitigation measures worldwide. The Company is monitoring the impact of the pandemic, and we are unable to predict the impact that COVID-19 will have on our future financial position and operating results due to numerous uncertainties. The duration and severity of the outbreak and its long-term impact on our business are uncertain at this time.
Issuance of Sr. Notes
On May 4, 2020, we completed the offering of $600,000 aggregate principal amount of 3.000% Senior Notes due 2030. Interest on the senior notes is payable on May 15 and November 15 of each year, beginning on
November 15, 2020. The senior notes are unsecured, unsubordinated obligations of the Company. Net proceeds from the offering were approximately $596,500, before expenses. We intend to use the net proceeds from the offering for general corporate purposes.