Debt (Tables)

3 Months Ended

Mar. 31, 2017

Summary of senior notes issuances (dollars in thousands)

The following table summarizes the Company’s senior unsecured notes payoffs for the year ended December 31, 2016 (dollars in thousands):


Date	Amount		Coupon Rate
February 1, 2016	$	500,000		3.750	%
September 15, 2016	$	400,000		6.300	%
November 30, 2016	$	500,000		6.000	%
November 30, 2016	$	600,000		6.700	%

Summary of stated debt maturities and scheduled principal repayments (in thousands)

The following table summarizes the Company’s stated debt maturities and scheduled principal repayments at March 31, 2017 (in thousands):


					Senior
	Bank Line of				Unsecured		Mortgage
Year	Credit(1)		Term Loan(2)		Notes(3)		Debt(4)		Total(5)
2017 (nine months)	$	—	$	—	$	250,000	$	2,604	$	252,604
2018		492,421		—		—		3,641		496,062
2019		—		274,956		450,000		3,839		728,795
2020		—		—		800,000		3,907		803,907
2021		—		—		1,200,000		11,277		1,211,277
Thereafter		—		—		4,500,000		116,481		4,616,481
		492,421		274,956		7,200,000		141,749		8,109,126
(Discounts), premiums and debt costs, net		—		(853)		(63,664)		5,580		(58,937)
	$	492,421	$	274,103	$	7,136,336	$	147,329	$	8,050,189

(1)

Represents £394 million translated into U.S. dollar (“USD”).

(2)

Represents £220 million translated into USD.

(3)

Effective interest rates on the notes ranged from 2.79% to 6.88% with a weighted average effective interest rate of 4.34% and a weighted average maturity of six years.

(4)

Interest rates on the mortgage debt ranged from 2.99% to 7.51% with a weighted average effective interest rate of 4.24% and a weighted average maturity of 20 years.

(5)

Excludes $91 million of other debt that have no scheduled maturities.