XML 11 R27.htm IDEA: XBRL DOCUMENT
v3.19.3

Credit Facilities (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2019
Debt Disclosure [Abstract] |
Outstanding Balance Under Credit Agreement | The table below details the outstanding balances as of September 30, 2019 and December 31, 2018 under the credit agreement with KeyBank National Association (“KeyBank”), as agent, and the other lender parties thereto, which provides for a $835.0 million senior unsecured multi-currency revolving credit facility (the “Revolving Credit Facility”) and a €359.6 million ($392.5 million based on the prevailing exchange rate as of September 30, 2019) senior unsecured term loan facility (the “Term Loan” and, together with the Revolving Credit Facility, the “Credit Facility”). On August 1, 2019, the Company, through the OP, entered into an amendment and restatement of the credit agreement related to the Credit Facility (the “Credit Facility Amendment”) to, among other things, increase the aggregate total commitments, lower the interest rate and revise certain covenants.
|  | September 30, 2019 |  | December 31, 2018
(In thousands) |  | TOTAL USD (1) |  |  | USD |  | GBP |  | EUR |  | TOTAL USD (2) |  |  | USD |  | GBP |  | EUR
Revolving Credit Facility |  | $ | 101,405 |  |  |  | $ | 52,211 |  |  | £ | 40,000 |  |  | € | — |  |  | $ | 363,894 |  |  |  | $ | 278,625 |  |  | £ | 40,000 |  |  | € | 30,000 |
Term Loan |  | 392,519 |  |  |  | — |  |  | — |  |  | 359,551 |  |  | 282,069 |  |  |  | — |  |  | — |  |  | 246,481 |
Deferred financing costs |  | (2,634 | ) |  |  | — |  |  | — |  |  | — |  |  | (3,342 | ) |  |  | — |  |  | — |  |  | — |
Term Loan, Net |  | 389,885 |  |  |  | — |  |  | — |  |  | 359,551 |  |  | 278,727 |  |  |  | — |  |  | — |  |  | 246,481 |
Total Credit Facility |  | $ | 491,290 |  |  |  | $ | 52,211 |  |  | £ | 40,000 |  |  | € | 359,551 |  |  | $ | 642,621 |  |  |  | $ | 278,625 |  |  | £ | 40,000 |  |  | € | 276,481 |
(1) | Assumes exchange rates of £1.00 to $1.23 for GBP and €1.00 to $1.09 for EUR as of September 30, 2019 for illustrative purposes, as applicable.
(2) Assumes exchange rates of £1.00 to $1.27 for GBP and €1.00 to $1.14 for EUR as of December 31, 2018 for illustrative purposes, as applicable.

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
Name: | us-gaap_ScheduleOfLineOfCreditFacilitiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration