Debt (Tables)

6 Months Ended

Jun. 30, 2022

The Company’s outstanding indebtedness as of June 30, 2022 and December 31, 2021 was as follows (in thousands):


				June 30, 2022				December 31, 2021
Indebtedness	Stated Maturity Date	Contractual Interest Rate	Effective Interest Rate as of June 30, 2022	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
2013 Mortgage Loans
Senior note	5/2023	3.81%	4.14%	$	163,921	$	162,281	$	167,545	$	170,503
Mezzanine A	5/2023	7.38%	7.55%	70,000		69,300		70,000		70,875
Mezzanine B	5/2023	11.50%	11.75%	32,000		31,760		32,000		32,560
Total 2013 Mortgage Loans				265,921		263,341		269,545		273,938

Chile Mortgages(14)	2022 - 2029	4.01%	—%	—		—		9,761		9,761

Senior Unsecured Notes
Series A Notes	1/2026	4.68%	4.77%	200,000		198,000		200,000		217,500
Series B Notes	1/2029	4.86%	4.92%	400,000		391,000		400,000		454,000
Series C Notes	1/2030	4.10%	4.15%	350,000		326,375		350,000		385,000
Series D Notes(5)	1/2031	1.62%	1.67%	419,360		332,343		454,800		441,724
Series E Notes(6)	1/2033	1.65%	1.70%	366,940		280,709		397,950		388,499
Total Senior Unsecured Notes				1,736,300		1,528,427		1,802,750		1,886,723

2020 Senior Unsecured Term Loan Tranche A-1(1)	3/2025	L+0.95%	2.91%	175,000		174,563		175,000		173,688
2020 Senior Unsecured Term Loan Tranche A-2(2)(4)	3/2025	C+0.95%	3.29%	194,200		194,200		197,800		196,811
Total 2020 Senior Unsecured Term Loan A Facility				369,200		368,763		372,800		370,499

2020 Senior Unsecured Revolving Credit Facility-1(2)(3)(7)	3/2024	C+0.85%	3.38%	42,724		42,831		43,516		43,407
2020 Senior Unsecured Revolving Credit Facility-2(3)(8)(9)	3/2024	SONIA+0.85%	2.43%	83,420		83,628		92,694		92,462
2020 Senior Unsecured Revolving Credit Facility-3(1)(3)	3/2024	L+0.85%	2.88%	358,000		358,895		205,000		204,488
2020 Senior Unsecured Revolving Credit Facility-4(3)(10)(11)	3/2024	BBSW+0.85%	2.26%	78,694		78,891		58,104		57,959
2020 Senior Unsecured Revolving Credit Facility-5(3)(12)(13)	3/2024	E+0.85%	1.21%	21,492		21,546		—		—
Total 2020 Senior Unsecured Revolving Credit Facility				$	584,330	$	585,791	$	399,314	$	398,316

Total principal amount of indebtedness				$	2,955,751	$	2,746,322	$	2,854,170	$	2,939,237
Less: unamortized deferred financing costs				(9,934)		n/a		(11,050)		n/a
Total indebtedness, net of unamortized deferred financing costs				$	2,945,817	$	2,746,322	$	2,843,120	$	2,939,237

(1) L = one-month LIBOR.

(2) C = one-month CDOR.

(3) The Company has the option to extend the 2020 Senior Unsecured Revolving Credit Facility up to two times for a six-month period each.

(4) The 2020 Senior Unsecured Term Loan Tranche A-2 is denominated in Canadian dollars and aggregates to CAD $250.0 million. The carrying value in the table above is the US dollar equivalent as of June 30, 2022.

(5) The Senior Unsecured Notes Series D is denominated in Euros and aggregates to €400.0 million. The carrying value in the table above is the US dollar equivalent as of June 30, 2022.

(6) The Senior Unsecured Notes Series E is denominated in Euros and aggregates to €350.0 million. The carrying value in the table above is the US dollar equivalent as of June 30, 2022.

(7) The Senior Unsecured Revolving Credit Facility Draw 1 as of June 30, 2022, is denominated in CAD and aggregates to CAD $55.0 million. The carrying value in the table above is the US dollar equivalent as of June 30, 2022.

(8) The Senior Unsecured Revolving Credit Facility Draw 2 as of June 30, 2022, is denominated in GBP and aggregates to GBP £68.5 million. The carrying value in the table above is the US dollar equivalent as of June 30, 2022.

(9) SONIA = Sterling Overnight Interbank Average Rate.

(10) BBSW = Bank Bill Swap Rate

(11) The Senior Unsecured Revolving Credit Facility Draw 4 as of June 30, 2022, is denominated in AUD and aggregates to AUD 114.0 million. The carrying value in the table above is the US dollar equivalent as of June 30, 2022.

(12) The Senior Unsecured Revolving Credit Facility Draw 5 as of June 30, 2022, is denominated in EUR and aggregates to EUR 20.5 million. The carrying value in the table above is the US dollar equivalent as of June 30, 2022.

(13) E = Euro Interbank Offered Rate (EURIBOR).

(14) The Chile Mortgages were assumed in connection with the Agro Acquisition, and have varying maturities and interest rates. The above aggregates these given the immaterial balance of each individually.