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Debt (Tables)
 9 Months Ended
Sep. 30, 2023
Debt Disclosure [Abstract]  
Schedule of Unsecured Term Loans and Revolving Credit Facility
The following table presents a summary of our Unsecured Term Loans and Unsecured Revolving Credit Facility (dollars in thousands):
Unsecured Term Loans and Unsecured Revolving Credit Facility
Interest Rate at
September 30, 2023 (a)
Maturity Date at September 30, 2023
Principal Outstanding Balance at
September 30, 2023December 31, 2022
Unsecured Term Loans:
Unsecured Term Loan due 2026 — borrowing in euros (b)
4.34%
4/24/2026$529,700 $— 
Term Loan due 2025 — borrowing in British pounds sterling (c) (d)
SONIA + 0.85%
2/20/2025330,840 324,695 
Delayed Draw Term Loan due 2025 — borrowing in euros (e)
EURIBOR + 0.85%
2/20/2025227,771 229,319 
1,088,311 554,014 
Unsecured Revolving Credit Facility:
Borrowing in euros (e)
EURIBOR + 0.775%
2/20/2025345,364 258,117 
Borrowing in U.S. dollars (f)
SOFR + 0.775%
2/20/2025155,000 — 
Borrowing in Japanese yen (g)
TIBOR + 0.775%
2/20/202516,149 18,275 
516,513 276,392 


$1,604,824 $830,406 
__________
(a)The applicable interest rate at September 30, 2023 was based on the credit rating for our Senior Unsecured Notes of BBB+/Baa1.
(b)Balance excludes unamortized discount of $3.5 million and unamortized deferred financing costs of $0.3 million at September 30, 2023.
(c)SONIA means Sterling Overnight Index Average and includes a spread adjustment of 0.0326%.
(d)Balance excludes unamortized discount of $1.0 million and $1.5 million at September 30, 2023 and December 31, 2022, respectively
(e)EURIBOR means Euro Interbank Offered Rate.
(f)SOFR includes a spread adjustment of 0.10%.
(g)TIBOR means Tokyo Interbank Offered Rate.
Schedule of Senior Unsecured Notes The following table presents a summary of our Senior Unsecured Notes outstanding at September 30, 2023 (currency in thousands):
Principal AmountCoupon RateMaturity DatePrincipal Outstanding Balance at
Senior Unsecured Notes, net (a)
Issue DateSeptember 30, 2023December 31, 2022
4.6% Senior Notes due 2024
3/14/2014$500,000 4.6 %4/1/2024$500,000 $500,000 
2.25% Senior Notes due 2024
1/19/2017€500,000 2.25 %7/19/2024529,700 533,300 
4.0% Senior Notes due 2025
1/26/2015$450,000 4.0 %2/1/2025450,000 450,000 
2.25% Senior Notes due 2026
10/9/2018€500,000 2.25 %4/9/2026529,700 533,300 
4.25% Senior Notes due 2026
9/12/2016$350,000 4.25 %10/1/2026350,000 350,000 
2.125% Senior Notes due 2027
3/6/2018€500,000 2.125 %4/15/2027529,700 533,300 
1.35% Senior Notes due 2028
9/19/2019€500,000 1.35 %4/15/2028529,700 533,300 
3.85% Senior Notes due 2029
6/14/2019$325,000 3.85 %7/15/2029325,000 325,000 
3.41% Senior Notes due 2029
9/28/2022€150,000 3.41 %9/28/2029158,910 159,990 
0.95% Senior Notes due 2030
3/8/2021€525,000 0.95 %6/1/2030556,185 559,965 
2.4% Senior Notes due 2031
10/14/2020$500,000 2.4 %2/1/2031500,000 500,000 
2.45% Senior Notes due 2032
10/15/2021$350,000 2.45 %2/1/2032350,000 350,000 
3.7% Senior Notes due 2032
9/28/2022€200,000 3.7 %9/28/2032211,880 213,320 
2.25% Senior Notes due 2033
2/25/2021$425,000 2.25 %4/1/2033425,000 425,000 
$5,945,775 $5,966,475 
__________
(a)Aggregate balance excludes unamortized deferred financing costs totaling $22.1 million and $25.9 million, and unamortized discount totaling $20.8 million and $24.1 million, at September 30, 2023 and December 31, 2022, respectively.
Scheduled Debt Principal Payments
Scheduled debt principal payments as of September 30, 2023 are as follows (in thousands):
Years Ending December 31, Total
2023 (remainder)$111,174 
20241,223,399 
20251,903,802 
20261,509,747 
2027530,368 
Thereafter through 20393,063,067 
Total principal payments8,341,557 
Unamortized discount, net(31,472)
Unamortized deferred financing costs(22,371)
Total$8,287,714