XML 49 R37.htm IDEA: XBRL DOCUMENT v3.21.2
Debt - Components of Debt (Details) - USD ($)
Jun. 30, 2021
Feb. 28, 2021
Jan. 31, 2021
Dec. 31, 2020
Debt Instrument [Line Items]        
Total debt $ 2,274,916,000     $ 2,280,471,000
Unsecured debt | Revolving credit facilities        
Debt Instrument [Line Items]        
Debt 0     40,000,000
Unsecured debt | Revolving credit facilities | Senior unsecured credit facility        
Debt Instrument [Line Items]        
Debt 0     40,000,000
Unsecured debt | Revolving credit facilities | PHL unsecured credit facility        
Debt Instrument [Line Items]        
Debt 0     0
Unsecured debt | Unsecured term loans        
Debt Instrument [Line Items]        
Debt 1,487,000,000     1,775,000,000
Deferred financing costs, net (6,822,000)     (8,455,000)
Total debt 1,480,178,000     1,766,545,000
Borrowings, fixed interest rate $ 1,400,000,000     $ 1,400,000,000
Weighted-average fixed interest rate 4.12%     4.19%
Amount of debt bearing variable interest $ 57,000,000.0     $ 345,000,000.0
Weighted-average floating interest rate 2.67%     2.46%
Unsecured debt | Unsecured term loans | First Term Loan        
Debt Instrument [Line Items]        
Debt $ 300,000,000     $ 300,000,000
Unsecured debt | Unsecured term loans | Second Term Loan        
Debt Instrument [Line Items]        
Debt 32,126,000     65,000,000
Unsecured debt | Unsecured term loans | Fourth Term Loan        
Debt Instrument [Line Items]        
Debt 110,000,000     110,000,000
Unsecured debt | Unsecured term loans | Sixth Term Loan        
Debt Instrument [Line Items]        
Debt 1,044,874,000     1,300,000,000
Unsecured debt | Unsecured term loans | Tranche 2021        
Debt Instrument [Line Items]        
Debt 4,798,000     40,966,000
Unsecured debt | Unsecured term loans | Tranche 2021 Extended        
Debt Instrument [Line Items]        
Debt 100,148,000     173,034,000
Unsecured debt | Unsecured term loans | Tranche 2022        
Debt Instrument [Line Items]        
Debt 139,928,000     286,000,000
Unsecured debt | Unsecured term loans | Tranche 2023        
Debt Instrument [Line Items]        
Debt 400,000,000     400,000,000
Unsecured debt | Unsecured term loans | Tranche 2024        
Debt Instrument [Line Items]        
Debt $ 400,000,000     $ 400,000,000
Convertible debt        
Debt Instrument [Line Items]        
Interest Rate 1.75%     1.75%
Debt $ 750,000,000     $ 500,000,000
Debt premium (discount), net 12,775,000     (113,099,000)
Deferred financing costs, net (17,835,000)     (12,568,000)
Total debt 744,940,000     374,333,000
Senior unsecured notes        
Debt Instrument [Line Items]        
Debt 50,000,000     100,000,000
Deferred financing costs, net (202,000)     (407,000)
Total debt $ 49,798,000     99,593,000
Senior unsecured notes | Series A Notes        
Debt Instrument [Line Items]        
Interest Rate 5.15% 5.15% 4.70%  
Debt $ 47,600,000     60,000,000
Senior unsecured notes | Series B Notes        
Debt Instrument [Line Items]        
Interest Rate 5.38% 5.38% 4.93%  
Debt $ 2,400,000     $ 40,000,000