Credit Facilities (Tables)

6 Months Ended

Jun. 30, 2020

Outstanding Balance Under Credit Agreement

The table below details the outstanding balances as of June 30, 2020 and December 31, 2019 under the credit agreement with KeyBank National Association (“KeyBank”), as agent, and the other lender parties thereto, which provides for a $835.0 million senior unsecured multi-currency revolving credit facility (the “Revolving Credit Facility”) and a €359.6 million ($403.7 million based on the prevailing exchange rate as of June 30, 2020) senior unsecured term loan facility (the “Term Loan” and, together with the Revolving Credit Facility, the “Credit Facility”). The Credit Facility was originally entered into on July 24, 2017 and it has been amended from time to time. On August 1, 2019, the Company, through the OP, entered into an amendment and restatement of the credit agreement related to the Credit Facility (the “Credit Facility Amendment”) to, among other things, increase the aggregate total commitments, lower the interest rate and revise certain covenants.



	June 30, 2020									December 31, 2019
(In thousands)	TOTAL USD ⁽¹⁾			USD		GBP		EUR		TOTAL USD ⁽²⁾			USD		GBP		EUR
Revolving Credit Facility	$	344,592		$	267,211	£	40,000	€	25,000	$	199,071		$	62,211	£	40,000	€	75,000

Term Loan	403,738			—		—		359,551		403,258			—		—		359,551
Deferred financing costs	(4,783		)	—		—		—		(5,365		)	—		—		—
Term Loan, Net	398,955			—		—		359,551		397,893			—		—		359,551
Total Credit Facility	$	743,547		$	267,211	£	40,000	€	384,551	$	596,964		$	62,211	£	40,000	€	434,551


⁽¹⁾	Assumes exchange rates of £1.00 to $1.23 for GBP and €1.00 to $1.12 for EUR as of June 30, 2020 for illustrative purposes, as applicable.

⁽²⁾

Assumes exchange rates of £1.00 to $1.32 for GBP and €1.00 to $1.12 for EUR as of December 31, 2019 for illustrative purposes, as applicable.