Debt Facilities (Tables)

9 Months Ended

Sep. 30, 2019

Debt Disclosure [Abstract]

Summary of debt

As of September 30, 2019 and December 31, 2018, the Company's mortgage and loans payable consisted of the following (in thousands):

	September 30, 2019			December 31, 2018
Term loans	$	1,249,194		$	1,344,482
Mortgage payable and loans payable	40,261			44,042
	1,289,455			1,388,524
Less amount representing unamortized debt discount and debt issuance cost	(5,195		)	(6,614		)
Add amount representing unamortized mortgage premium	1,736			1,882
	1,285,996			1,383,792
Less current portion	(70,789		)	(73,129		)
Total	$	1,215,207		$	1,310,663

As of September 30, 2019 and December 31, 2018, the Company's senior notes consisted of the following (in thousands):

	September 30, 2019					December 31, 2018
	Amount			Effective Rate		Amount			Effective Rate
5.000% Infomart Senior Notes (1)	$	600,000		4.43	%	$	750,000		4.40	%
5.375% Senior Notes due 2022	750,000			5.56	%	750,000			5.56	%
5.375% Senior Notes due 2023	1,000,000			5.51	%	1,000,000			5.51	%
2.875% Euro Senior Notes due 2024	817,650			3.08	%	859,125			3.08	%
5.750% Senior Notes due 2025	500,000			5.88	%	500,000			5.88	%
2.875% Euro Senior Notes due 2025	1,090,200			3.04	%	1,145,500			3.04	%
5.875% Senior Notes due 2026	1,100,000			6.03	%	1,100,000			6.03	%
2.875% Euro Senior Notes due 2026	1,090,200			3.04	%	1,145,500			3.04	%
5.375% Senior Notes due 2027	1,250,000			5.51	%	1,250,000			5.51	%
	8,198,050					8,500,125
Less amount representing unamortized debt issuance cost	(64,577		)			(75,372		)
Add amount representing unamortized debt premium	2,310					5,031
	8,135,783					8,429,784
Less current portion	(300,466		)			(300,999		)
Total	$	7,835,317				$	8,128,785

⁽¹⁾ 5.000% Infomart Senior Notes consist of five tranches due in each of April 2019, October 2019, April 2020, October 2020 and April 2021. The effective rate represents the weighted-average effective interest rates of the tranches outstanding at the periods presented in the table above.

Summary of maturities of debt instruments

The following table sets forth maturities of the Company's debt, including mortgage and loans payable, and senior notes, gross of debt issuance costs, debt discounts and debt premiums, as of September 30, 2019 (in thousands):

Years ending:
2019 (3 months remaining)	$	167,978
2020	370,980
2021	220,736
2022	1,876,563
2023	1,002,515
Thereafter	5,850,469
Total	$	9,489,241

Fair value of debt instruments

The following table sets forth the estimated fair values of the Company's mortgage and loans payable and senior notes, including current maturities, as of (in thousands):

	September 30, 2019		December 31, 2018
Mortgage and loans payable	$	1,296,497	$	1,389,632
Senior notes	8,561,823		8,422,211

Schedule of interest charges incurred

The following table sets forth total interest costs incurred and total interest costs capitalized for the periods presented (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
Interest expense	$	118,674	$	130,566	$	362,067	$	391,516
Interest capitalized	8,424		6,206		24,188		13,004
Interest charges incurred	$	127,098	$	136,772	$	386,255	$	404,520