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Debt (Tables) | 12 Months Ended
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Dec. 31, 2015
Debt |
Summary of senior notes issuances (dollars in thousands) | The following table summarizes the Company’s senior unsecured note issuances for the periods presented (dollars in thousands):
|  | Issuance |  |  |  |  |  |  |  |
Period |  | Amount |  | Coupon Rate |  | Maturity Date |  | Net Proceeds |
Year ended December 31, 2015: |  |  |  |  |  |  |  |  |  |  |  |  |
January 21, 2015 |  | $ | 600,000 |  |  | 3.400 | % |  | 2025 |  | $ | 591,000 |
May 20, 2015 |  | $ | 750,000 |  |  | 4.000 | % |  | 2025 |  | $ | 739,000 |
December 1, 2015 |  | $ | 600,000 |  |  | 4.000 | % |  | 2022 |  | $ | 594,000 |
Year ended December 31, 2014: |  |  |  |  |  |  |  |  |  |  |  |  |
February 21, 2014 |  | $ | 350,000 |  |  | 4.200 | % |  | 2024 |  | $ | 346,000 |
August 14, 2014 |  | $ | 800,000 |  |  | 3.875 | % |  | 2024 |  | $ | 792,000 |
Summary of senior notes payoffs (dollars in thousands) | The following table summarizes the Company’s senior unsecured notes payoffs for the periods presented (dollars in thousands):
Period |  | Amount |  | Coupon Rate |
Year ended December 31, 2015: |  |  |  |  |  |  |
March 1, 2015 |  | $ | 200,000 |  |  | 6.000 | %
June 8, 2015 |  | $ | 200,000 |  |  | 7.072 | %
Year ended December 31, 2014: |  |  |  |  |  |  |
February 1, 2014 |  | $ | 400,000 |  |  | 2.700 | %
June 14, 2014 |  | $ | 62,000 |  |  | 6.000 | %
June 14, 2014 |  | $ | 25,000 |  |  | 3 Month LIBOR+0.9 | %
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 December 31, 2015 (dollars in thousands):
|  |  |  |  |  |  |  | Senior Unsecured Notes(3) |  |  | Mortgage Debt(4) |  |  |  |
|  | Line of |  |  |  |  |  |  | Interest |  |  |  |  | Interest |  |  |  |
Year |  | Credit(1) |  | Term Loans(2) |  | Amount |  | Rate |  |  | Amount |  | Rate |  | Total(5) |
2016 |  | $ | — |  | $ | 202,034 |  | $ | 900,000 |  | 5.09 | % |  | $ | 279,194 |  | 6.84 | % | $ | 1,381,228 |
2017 |  |  | — |  |  | — |  |  | 750,000 |  | 6.02 | % |  |  | 581,891 |  | 6.08 | % |  | 1,331,891 |
2018 |  |  | 397,432 |  |  | — |  |  | 600,000 |  | 6.81 | % |  |  | 6,583 |  | 5.90 | % |  | 1,004,015 |
2019 |  |  | — |  |  | 324,434 |  |  | 450,000 |  | 3.97 | % |  |  | 2,072 |  | N/A |  |  | 776,506 |
2020 |  |  | — |  |  | — |  |  | 800,000 |  | 2.79 | % |  |  | 2,078 |  | 5.14 | % |  | 802,078 |
Thereafter |  |  | — |  |  | — |  |  | 5,700,000 |  | 4.54 | % |  |  | 61,092 |  | 4.98 | % |  | 5,761,092 |
|  |  | 397,432 |  |  | 526,468 |  |  | 9,200,000 |  | 4.68 | % |  |  | 932,910 |  | 6.21 | % |  | 11,056,810 |
Discounts and debt costs, net |  |  | — |  |  | (1,661) |  |  | (79,893) |  |  |  |  |  | (698) |  |  |  |  | (82,252) |
|  | $ | 397,432 |  | $ | 524,807 |  | $ | 9,120,107 |  |  |  |  | $ | 932,212 |  |  |  | $ | 10,974,558 |
| (1) |  | Represents £270 million translated into U.S. dollars (“USD”).
| (2) |  | Represents £357 million translated into USD.
| (3) |  | Interest rates on the notes ranged from 2.79% to 6.88% with a weighted average effective rate of 4.68% and a weighted average maturity of six years.
| (4) |  | Interest rates on the mortgage debt ranged from 3.14% to 8.35% with a weighted average effective interest rate of 6.21% and a weighted average maturity of two years.
| (5) |  | Excludes $9 4 million of other debt that represents Life Care Bonds and Demand Notes that have no scheduled maturities.

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