Debt Facilities (Tables)

3 Months Ended

Mar. 31, 2020

Debt Disclosure [Abstract]

Summary of debt

As of March 31, 2020 and December 31, 2019, the Company's mortgage and loans payable consisted of the following (in thousands):

	March 31, 2020			December 31, 2019
Term loans	$	1,219,047		$	1,287,151
Revolving credit facility	250,000			—
Mortgage payable and loans payable	77,236			82,967
	1,546,283			1,370,118
Less amount representing unamortized debt discount and debt issuance cost	(4,330		)	(4,849		)
Add amount representing unamortized mortgage premium	1,715			1,768
	1,543,668			1,367,037
Less current portion	(74,473		)	(77,603		)
Total	$	1,469,195		$	1,289,434

As of March 31, 2020 and December 31, 2019, the Company's senior notes consisted of the following (in thousands):

	March 31, 2020					December 31, 2019
	Amount			Effective Rate		Amount			Effective Rate
5.000% Infomart Senior Notes (1)	$	450,000		4.46	%	$	450,000		4.46	%
5.375% Senior Notes due 2022	—			—	%	343,711			5.56	%
2.625% Senior Notes due 2024	1,000,000			2.79	%	1,000,000			2.79	%
2.875% Euro Senior Notes due 2024	825,300			3.08	%	841,500			3.08	%
2.875% Euro Senior Notes due 2025	1,100,400			3.04	%	1,122,000			3.04	%
2.900% Senior Notes due 2026	600,000			3.04	%	600,000			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	1,100,400			3.04	%	1,122,000			3.04	%
5.375% Senior Notes due 2027	1,250,000			5.51	%	1,250,000			5.51	%
3.200% Senior Notes due 2029	1,200,000			3.30	%	1,200,000			3.30	%
	8,626,100					9,029,211
Less amount representing unamortized debt issuance cost	(73,075		)			(78,030		)
Add amount representing unamortized debt premium	1,121					1,716
	8,554,146					8,952,897
Less current portion	(300,401		)			(643,224		)
Total	$	8,253,745				$	8,309,673

⁽¹⁾ 5.000% Infomart Senior Notes consist of three tranches due in each of 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 March 31, 2020 (in thousands):

Years ending:
2020 (9 months remaining)	$	355,962
2021	224,507
2022	1,383,505
2023	6,357
2024	1,831,174
Thereafter	6,372,592
Total	$	10,174,097

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):

	March 31, 2020		December 31, 2019
Mortgage and loans payable	$	1,557,789	$	1,378,429
Senior notes	8,366,223		9,339,497

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 March 31,
	2020		2019
Interest expense	$	107,338	$	122,846
Interest capitalized	6,031		9,854
Interest charges incurred	$	113,369	$	132,700