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Debt (Tables)
 9 Months Ended
Sep. 30, 2017
Debt Disclosure [Abstract]  
Summary of Senior Notes Issuances
The following table summarizes the Company’s senior unsecured note payoffs for the nine months ended September 30, 2017 (dollars in thousands):
Date
 
Amount
 
Coupon Rate
May 1, 2017
 
$
250,000

 
5.625
%
July 27, 2017(1)
 
$
500,000

 
5.375
%
_______________________________________
(1)
The Company recorded a $54 million loss on debt extinguishment related to the repurchase of senior notes.
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 Debt Maturities and Schedule Principal Repayments
The following table summarizes the Company’s stated debt maturities and scheduled principal repayments at September 30, 2017 (in thousands):
Year
 
Bank Line of
Credit(1)
 
2015 Term Loan(2)
 
Senior
Unsecured
Notes(3)
 
Mortgage
Debt(4)
 
Total(5)
2017 (three months)
 
$
—

 
$
—

 
$
—

 
$
847

 
$
847

2018
 
605,837

 
—

 
—

 
3,512

 
609,349

2019
 
—

 
226,680

 
450,000

 
3,700

 
680,380

2020
 
—

 
—

 
800,000

 
3,758

 
803,758

2021
 
—

 
—

 
700,000

 
11,117

 
711,117

Thereafter
 
—

 
—

 
4,500,000

 
116,481

 
4,616,481

 
 
605,837

 
226,680

 
6,450,000

 
139,415

 
7,421,932

(Discounts), premium and debt costs, net
 
—

 
(475
)
 
(56,074
)
 
6,002

 
(50,547
)
 
 
$
605,837

 
$
226,205

 
$
6,393,926

 
$
145,417

 
$
7,371,385

_______________________________________
(1)
Includes £105 million translated into U.S. dollars (“USD”). The Bank Line of Credit was terminated on October 19, 2017 and the Company executed a New Facility which matures in October 2021.
(2)
Represents £169 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 4.19% and a weighted average maturity of six years.
(4)
Interest rates on the mortgage debt ranged from 2.01% to 5.91% with a weighted average effective interest rate of 4.19% and a weighted average maturity of 20 years.
(5)
Excludes $95 million of other debt that have no scheduled maturities.