5. Notes Payable

General

Our senior unsecured notes consist of the following at June 30, 2011 and December 31, 2010, sorted by maturity date (dollars in millions):

	June 30, 2011		December 31, 2010
5.375% notes, issued in March 2003 and due in March 2013	$	100	$	100
5.5% notes, issued in November 2003 and due in November 2015		150		150
5.95% notes, issued in September 2006 and due in September 2016		275		275
5.375% notes, issued in September 2005 and due in September 2017		175		175
6.75% notes, issued in September 2007 and due in August 2019		550		550
5.75% notes, issued in June 2010 and due in January 2021		250		250
5.875% bonds, $100 issued in March 2005 and $150 issued in June 2011, both due in March 2035		250		100
	$	1,750	$	1,600

B.	Re-opening of Unsecured Bonds due 2035

In June 2011, we re-opened our 5.875% senior unsecured bonds due 2035, or the 2035 Bonds, and issued $150.0 million in aggregate principal amount of these 2035 Bonds. The price to the investor for the 2035 Bonds was 94.578% of the principal amount for an effective yield of 6.318%. The 2035 Bonds constituted an additional issuance of, and a single series with, the $100 million in aggregate principal amount of 5.875% senior unsecured bonds that we issued in March 2005. The net proceeds of approximately $140.1 million will be used to fund a portion of our previously announced property acquisitions aggregating approximately $544 million.

C.	Note Issuance

In June 2010, we issued $250.0 million in aggregate principal amount of 5.75% senior unsecured notes due January 2021, or the 2021 Notes. The price to the investor for the 2021 Notes was 99.404% of the principal amount for an effective yield of 5.826%. The net proceeds of approximately $246.3 million from this offering were used to repay borrowings under our acquisition credit facility, which were incurred to finance the acquisition of our properties under triple-net lease agreements with Diageo Chateau & Estates Wine Company and guaranteed by Diageo plc.