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Debt (Tables) | 12 Months Ended
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Dec. 31, 2016
Debt |
Summary of senior notes issuances (dollars in thousands) | The following table summarizes the Company’s senior unsecured notes 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 |
Summary of senior unsecured 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, 2016: |  |  |  |  |  |  |
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 | %
Year ended December 31, 2015: |  |  |  |  |  |  |
March 1, 2015 |  | $ | 200,000 |  |  | 6.000 | %
June 8, 2015 |  | $ | 200,000 |  |  | 7.072 | %
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, 2016 (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) |
2017 |  | $ | — |  | $ | 169,305 |  | $ | 250,000 |  | 5.72 | % |  | $ | 479,795 |  | 3.14 | % |  | $ | 899,100 |
2018 |  |  | 899,718 |  |  | — |  |  | — |  | — | % |  |  | 3,641 |  | — | % |  |  | 903,359 |
2019 |  |  | — |  |  | 271,876 |  |  | 450,000 |  | 3.95 | % |  |  | 3,839 |  | — | % |  |  | 725,715 |
2020 |  |  | — |  |  | — |  |  | 800,000 |  | 2.81 | % |  |  | 3,907 |  | 5.11 | % |  |  | 803,907 |
2021 |  |  | — |  |  | — |  |  | 1,200,000 |  | 5.54 | % |  |  | 11,277 |  | 5.38 | % |  |  | 1,211,277 |
Thereafter |  |  | — |  |  | — |  |  | 4,500,000 |  | 4.27 | % |  |  | 116,481 |  | 4.13 | % |  |  | 4,616,481 |
|  |  | 899,718 |  |  | 441,181 |  |  | 7,200,000 |  | 4.34 | % |  |  | 618,940 |  | 3.40 | % |  |  | 9,159,839 |
Discounts and debt costs, net |  |  | — |  |  | (1,119) |  |  | (66,462) |  |  |  |  |  | 4,852 |  |  |  |  |  | (62,729) |
|  | $ | 899,718 |  | $ | 440,062 |  | $ | 7,133,538 |  |  |  |  | $ | 623,792 |  |  |  |  | $ | 9,097,110 |
| (1) |  | Includes £372 million translated into 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 4.34% and a weighted average maturity of six years.
| (4) |  | Interest rates on the mortgage debt ranged from 3.02% to 7.50% with a weighted average effective interest rate of 3.40% and a weighted average maturity of six years.
| (5) |  | Excludes $92 million of other debt that represents Life Care Bonds and Demand Notes that have no scheduled maturities.

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