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Debt (Tables)
 9 Months Ended
Sep. 30, 2018
Debt Disclosure [Abstract]  
Summary of Senior Notes Issuances
The following table summarizes the Company’s senior unsecured notes payoffs for the periods presented (dollars in thousands):
Period
 
Amount
 
Coupon Rate
2018
 
 
 
 
July 16, 2018(1)
    
$
700,000

 
5.375
%
2017
 
 
 
 
May 1, 2017
 
$
250,000

 
5.625
%
July 27, 2017(2)
 
$
500,000

 
5.375
%

_______________________________________
(1)
The Company recorded a $44 million loss on debt extinguishment related to the repurchase of senior notes.
(2)
The Company recorded a $54 million loss on debt extinguishment related to the repurchase of senior notes.
Summary of Debt Maturities and Schedule Principal Repayments
The following table summarizes the Company’s stated debt maturities and scheduled principal repayments at September 30, 2018 (in thousands):
Year
 
Bank Line of
Credit(1)
 
Term Loan
 
Senior
Unsecured
Notes(2)
 
Mortgage
Debt(3)
 
Total(4)
2018 (three months)
 
$
—

 
$
—

 
$
—

 
$
860

 
$
860

2019
 
—

 
223,587

 
450,000

 
3,561

 
677,148

2020
 
—

 
—

 
800,000

 
3,609

 
803,609

2021
 
636,709

 
—

 
—

 
10,957

 
647,666

2022
 
—

 
—

 
900,000

 
2,691

 
902,691

Thereafter
 
—

 
—

 
3,600,000

 
112,516

 
3,712,516

 
 
636,709

 
223,587

 
5,750,000

 
134,194

 
6,744,490

(Discounts), premium and debt costs, net
 
—

 
(119
)
 
(43,819
)
 
5,207

 
(38,731
)
 
 
$
636,709

 
$
223,468

 
$
5,706,181

 
$
139,401

 
$
6,705,759

_______________________________________
(1)
Includes £55 million translated into USD.
(2)
Effective interest rates on the notes ranged from 2.79% to 6.88% with a weighted average effective interest rate of 4.03% and a weighted average maturity of five years. On October 9, 2018, the Company provided a redemption notice to holders of its $450 million senior unsecured notes due in 2019, which will be redeemed in November 2018 (see discussion above).
(3)
Effective interest rates on the mortgage debt ranged from 2.65% to 5.91% with a weighted average effective interest rate of 4.19% and a weighted average maturity of 19 years.
(4)
Excludes $92 million of other debt that have no scheduled maturities.