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Debt (Tables)
12 Months Ended
Dec. 31, 2018
Debt Disclosure [Abstract]  
Summary of Debt

The following is a summary of debt ($ amounts in thousands):

 

 

 

As of December 31,

2018

 

 

As of December 31,

2017

 

Revolving credit facility(A)

 

$

28,059

 

 

$

840,810

 

Term loans

 

 

200,000

 

 

 

200,000

 

4.000% Senior Unsecured Notes due 2022(B)

 

 

573,350

 

 

 

600,250

 

5.500% Senior Unsecured Notes due 2024

 

 

300,000

 

 

 

300,000

 

6.375% Senior Unsecured Notes due 2024

 

 

500,000

 

 

 

500,000

 

3.325% Senior Unsecured Notes due 2025(B)

 

 

573,350

 

 

 

600,250

 

5.250% Senior Unsecured Notes due 2026

 

 

500,000

 

 

 

500,000

 

5.000% Senior Unsecured Notes due 2027

 

 

1,400,000

 

 

 

1,400,000

 

 

 

$

4,074,759

 

 

$

4,941,310

 

Debt issue costs, net

 

 

(37,370

)

 

 

(42,643

)

 

 

$

4,037,389

 

 

$

4,898,667

 

 

(A)

Includes £22 million and £8 million of GBP-denominated borrowings that reflect the exchange rate at December 31, 2018 and December 31, 2017, respectively.

(B)

These notes are Euro-denominated and reflect the exchange rate at December 31, 2018 and December 31, 2017, respectively.

Principal Payments Due on Debt

As of December 31, 2018, principal payments due on our debt (which exclude the effects of any discounts, premiums, or debt issue costs recorded) are as follows ($ amounts in thousands):

 

2019

 

$

 

2020

 

 

 

2021

 

 

28,059

 

2022

 

 

773,350

 

2023

 

 

 

Thereafter

 

 

3,273,350

 

Total

 

$

4,074,759