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Debt (Tables) | 6 Months Ended
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Jun. 30, 2022
Debt Disclosure [Abstract] |
Schedule of Long-term Debt Instruments | Debt consists of the following (in thousands):
|  | Interest Rate (1) |  | Maturities Through |  | As of June 30, 2022 |  | As of December 31, 2021
Fixed rate debt: |  |  |  |  |  |  |  |
Unsecured senior notes |  | 3.70% to 9.13% |  | 2022 - 2028 |  | $ | 6,595,735 |  |  | $ | 5,604,498 |
Secured senior notes |  | 10.88% to 11.50% |  | 2023 - 2025 |  | 2,361,570 |  |  | 2,354,037 |
Unsecured term loans |  | 1.28% to 5.89% |  | 2026 - 2034 |  | 4,767,955 |  |  | 2,860,567 |
Convertible notes |  | 2.88% to 4.25% |  | 2023 |  | 1,725,000 |  |  | 1,558,780 |
Total fixed rate debt |  |  |  |  |  | 15,450,260 |  |  | 12,377,882 |
Variable rate debt: |  |  |  |  |  |  |  |
Unsecured revolving credit facilities (2) |  | 3.09% to 3.49% |  | 2022 - 2024 |  | 2,611,342 |  |  | 2,899,342 |
USD unsecured term loan |  | 3.34% to 6.79% |  | 2022 - 2033 |  | 4,569,466 |  |  | 5,018,740 |
Euro unsecured term loan |  | 2.26% to 4.72% |  | 2023 - 2036 |  | 577,098 |  |  | 685,633 |
Total variable rate debt |  |  |  |  |  | 7,757,906 |  |  | 8,603,715 |
Finance lease liabilities |  |  |  |  |  | 422,893 |  |  | 472,275 |
Total debt (3) |  |  |  |  |  | 23,631,059 |  |  | 21,453,872 |
Less: unamortized debt issuance costs |  |  |  |  |  | (417,852) |  |  | (363,532) |
Total debt, net of unamortized debt issuance costs |  |  |  |  |  | 23,213,207 |  |  | 21,090,340 |
Less—current portion |  |  |  |  |  | (5,466,486) |  |  | (2,243,131) |
Long-term portion |  |  |  |  |  | $ | 17,746,721 |  |  | $ | 18,847,209 |
(1) Interest rates based on outstanding loan balance as of June 30, 2022 and, for variable rate debt, include either LIBOR or EURIBOR plus the applicable margin. (2) Includes $1.9 billion facility and $1.3 billion facility, the vast majority of which is due in 2024. Our $1.9 billion facility accrues interest at LIBOR plus a maximum interest rate margin of 1.30% which interest was 3.09% as of June 30, 2022 and is subject to a facility fee of a maximum of 0.20%. Our $1.3 billion facility accrues interest at LIBOR plus a maximum interest rate margin of 1.70%, which interest was 3.49% as of June 30, 2022 and is subject to a facility fee of a maximum of 0.30%. (3) At June 30, 2022 and December 31, 2021, the weighted average interest rate for total debt was 6.09% and 5.47%, respectively.
Schedule of Maturities of Long-term Debt | The following is a schedule of annual maturities on our total debt, net of debt issuance costs of $417.9 million, and including finance leases, as of June 30, 2022 for each of the next five years (in thousands):
Year | As of June 30, 2022 (1)
Remainder of 2022 | 1,579,926 |
2023 | 5,746,141 |
2024 | 3,869,007 |
2025 | 2,482,849 |
2026 | 2,693,083 |
Thereafter | 6,842,201 |
| 23,213,207 |
(1) Debt denominated in other currencies is calculated based on the applicable exchange rate at June 30, 2022.

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