Debt and Other Obligations

9 Months Ended

Sep. 30, 2015

Debt and Other Obligations [Abstract]

Debt and Other Obligations

Debt

The 2012 Secured Notes consist of $500 million aggregate principal amount of 2.381% secured notes due 2017 and $1.0 billion aggregate principal amount of 3.849% secured notes due 2023. The weighted-average stated interest rate of the 2012 Secured Notes as of September 30, 2015 was 3.4% per annum. The outstanding balance of the 2012 Secured Notes as of September 30, 2015 and December 31, 2014 was $1.5 billion.

Interest Expense and Amortization of Deferred Financing Costs

The components of interest expense and amortization of deferred financing costs are as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2015		2014		2015		2014
Interest expense on debt obligations	$	12,599	$	12,599	$	37,796	$	37,796
Amortization of deferred financing costs	707		707		2,121		2,121
Total	$	13,306	$	13,306	$	39,917	$	39,917