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Notes and Bonds Payable (Tables) | 9 Months Ended
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Sep. 30, 2022
Debt Disclosure [Abstract] |
Schedule of debt | The table below details the Company’s notes and bonds payable as of September 30, 2022 and December 31, 2021.
| MATURITY DATES 1 | BALANCE 2 AS OF | EFFECTIVE INTEREST RATE as of 9/30/2022
Dollars in thousands | 9/30/2022 | 12/31/2021
$1.5 billion Unsecured Credit Facility 3 | 10/27 | $ | 190,600 |  | $ | — |  | 3.99 | %
$700 million Unsecured Credit Facility 3 | 5/23 | — |  | 210,000 |  | — | %
$1.125 billion Asset Sale Term Loan 4 | 7/24 | 421,919 |  | — |  | 4.07 | %
$350 million Unsecured Term Loan 3 | 7/25 | 348,735 |  | — |  | 4.10 | %
$200 million Unsecured Term Loan 4 | 5/26 | 199,611 |  | 199,460 |  | 3.51 | %
$300 million Unsecured Term Loan 4 5 | 10/26 | 299,930 |  | — |  | 2.47 | %
$150 million Unsecured Term Loan 5 | 5/26 | 149,458 |  | 149,376 |  | 3.32 | %
$200 million Unsecured Term Loan 4 5 | 7/27 | 199,328 |  | — |  | 2.27 | %
$300 million Unsecured Term Loan 3 | 1/28 | 297,764 |  | — |  | 3.56 | %
Senior Notes due 2025 | 5/25 | 249,025 |  | 249,040 |  | 4.12 | %
Senior Notes due 2026 4 | 8/26 | 569,786 |  | — |  | 4.94 | %
Senior Notes due 2027 4 | 7/27 | 478,541 |  | — |  | 4.76 | %
Senior Notes due 2028 | 1/28 | 296,711 |  | 296,612 |  | 3.85 | %
Senior Notes due 2030 4 | 2/30 | 562,974 |  | — |  | 5.30 | %
Senior Notes due 2030 | 3/30 | 296,787 |  | 296,813 |  | 2.72 | %
Senior Notes due 2031 4 | 3/31 | 628,617 |  | — |  | 5.13 | %
Senior Notes due 2031 | 3/31 | 295,424 |  | 295,374 |  | 2.25 | %
Mortgage notes payable | 8/23-12/26 | 84,929 |  | 104,650 |  | 3.97 | %
|  | $ | 5,570,139 |  | $ | 1,801,325 |  |
1 Includes extension options. 2 Balance is presented net of discounts and issuance costs and inclusive of premiums, where applicable. 3 On July 20, 2022, the Company entered into an amended and restated credit facility which included a $1.5 billion revolving credit facility, replacing Legacy HR's $700 million credit facility. 4 Debt instruments assumed as part of the Merger with Legacy HTA on July 20, 2022. Amounts shown represent fair value adjustments. 5 The effective interest rate includes the impact of interest rate swaps on $675.0 million at a weighted average rate of 1.57% (plus the applicable margin rate, currently 105 basis points).
Schedule of Debt Exchange Offers | The following sets forth the results of the Exchange Offers:
Series of Old HR Notes | Tenders and Consents Received as of the Expiration Date | Percentage of Total Outstanding Principal Amount of Such Series of Old HR Notes
3.875 | % | Senior Notes due 2025 | $235,016,000 | 94.01 | %
3.625 | % | Senior Notes due 2028 | $290,246,000 | 96.75 | %
2.400 | % | Senior Notes due 2030 | $297,507,000 | 99.17 | %
2.050 | % | Senior Notes due 2031 | $298,858,000 | 99.62 | %
Schedule of Senior Notes Assumed with the Merger | The Legacy Senior Notes assumed by the Company consist of the following:
| COUPON |  | PRINCIPAL OUTSTANDING AS OF
Dollars in thousands | FACE VALUE | 9/30/2022 | 12/31/2021
Senior Notes due 2026 | 3.50% | $ | 600,000 |  | $ | 600,000 |  | $ | — |
Senior Notes due 2027 | 3.75% | 500,000 |  | 500,000 |  | — |
Senior Notes due 2030 | 3.10% | 650,000 |  | 650,000 |  | — |
Senior Notes due 2031 | 2.00% | 800,000 |  | 800,000 |  | — |
|  | $ | 2,550,000 |  | $ | 2,550,000 |  | $ | — |

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