Subsequent Events

3 Months Ended

Mar. 31, 2022

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events

A.    Dividends
In April 2022, we declared a dividend of $0.2470 per share to our common stockholders, which will be paid in May 2022.

B.     Credit Facility Amendment
In April 2022, we amended and restated our unsecured revolving credit facility to increase the borrowing capacity to $4.25 billion and to extend the initial term to June 2026, among other things. The amended and restated credit facility is otherwise substantively consistent with the prior credit agreement entered into in August 2019.

C.     Private Placement OfferingIn April 2022, we entered into a definitive agreement for the private placement of £140 million of senior unsecured notes due 2030, £345 million of senior unsecured notes due 2032, and £115 million of senior unsecured notes due 2037. The combined notes, if issued, are expected to have a weighted average tenor of approximately 10.5 years, and a weighted average fixed interest rate of 3.22%.