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Debt (Tables)
 9 Months Ended
Sep. 30, 2020
Debt Disclosure [Abstract]  
Schedule of senior unsecured credit facilities
The following table presents a summary of our Senior Unsecured Credit Facility (dollars in thousands):
Interest Rate at September 30, 2020 (a)
Maturity Date at September 30, 2020Principal Outstanding Balance at
Senior Unsecured Credit FacilitySeptember 30, 2020December 31, 2019
Unsecured Term Loans:
Term Loan — borrowing in British pounds sterling (b)
GBP LIBOR + 0.95%
2/20/2025$192,492 $— 
Delayed Draw Term Loan — borrowing in euros (c)
EURIBOR + 0.95%
2/20/2025112,982 — 
305,474 — 
Unsecured Revolving Credit Facility:
 Borrowing in dollars
LIBOR + 0.85%
2/20/2025160,000 — 
Borrowing in Japanese yen
JPY LIBOR + 0.85%
2/20/202522,799 22,295 
Borrowing in euros
N/AN/A— 131,438 
Borrowing in British pounds sterling
N/AN/A— 47,534 
182,799 201,267 


$488,273 $201,267 
__________
(a)The applicable interest rate at September 30, 2020 was based on the credit rating for our Senior Unsecured Notes of BBB/Baa2.
(b)Balance excludes unamortized discount of $1.3 million at September 30, 2020.
(c)EURIBOR means Euro Interbank Offered Rate.
Schedule of senior unsecured notes The following table presents a summary of our Senior Unsecured Notes outstanding at September 30, 2020 (currency in millions):
Original Issue Discount Effective Interest RatePrincipal Outstanding Balance at
Senior Unsecured Notes, net (a)
Issue DatePrincipal AmountPrice of Par ValueCoupon RateMaturity DateSeptember 30, 2020December 31, 2019
2.0% Senior Notes due 2023
1/21/2015€500.0 99.220 %$4.6 2.107 %2.0 %1/20/2023$585.4 $561.7 
4.6% Senior Notes due 2024
3/14/2014$500.0 99.639 %$1.8 4.645 %4.6 %4/1/2024500.0 500.0 
2.25% Senior Notes due 2024
1/19/2017€500.0 99.448 %$2.9 2.332 %2.25 %7/19/2024585.4 561.7 
4.0% Senior Notes due 2025
1/26/2015$450.0 99.372 %$2.8 4.077 %4.0 %2/1/2025450.0 450.0 
2.250% Senior Notes due 2026
10/9/2018€500.0 99.252 %$4.3 2.361 %2.250 %4/9/2026585.4 561.7 
4.25% Senior Notes due 2026
9/12/2016$350.0 99.682 %$1.1 4.290 %4.25 %10/1/2026350.0 350.0 
2.125% Senior Notes due 2027
3/6/2018€500.0 99.324 %$4.2 2.208 %2.125 %4/15/2027585.4 561.7 
1.350% Senior Notes due 2028
9/19/2019€500.0 99.266 %$4.1 1.442 %1.350 %4/15/2028585.4 561.7 
3.850% Senior Notes due 2029
6/14/2019$325.0 98.876 %$3.7 3.986 %3.850 %7/15/2029325.0 325.0 
$4,552.0 $4,433.5 
__________
(a)Aggregate balance excludes unamortized deferred financing costs totaling $20.3 million and $22.8 million, and unamortized discount totaling $18.5 million and $20.5 million, at September 30, 2020 and December 31, 2019, respectively.
Scheduled debt principal payments
Scheduled debt principal payments as of September 30, 2020 are as follows (in thousands):
Years Ending December 31, 
Total (a)
2020 (remainder)$28,717 
2021144,112 
2022460,944 
2023928,188 
20241,208,377 
Thereafter through 20313,509,419 
Total principal payments6,279,757 
Unamortized discount, net (b)
(24,592)
Unamortized deferred financing costs(20,705)
Total$6,234,460 
__________
(a)Certain amounts are based on the applicable foreign currency exchange rate at September 30, 2020.
(b)Represents the unamortized discount on the Senior Unsecured Notes of $18.5 million in aggregate, unamortized discount, net, of $4.8 million in aggregate primarily resulting from the assumption of property-level debt in connection with business combinations, and unamortized discount of $1.3 million on the Term Loan.