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Debt (Tables) | 3 Months Ended
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Mar. 31, 2017
Debt |
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.

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- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
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