XML 56 R36.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Indebtedness (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Debt Disclosure [Abstract] |
Schedule of Additional Outstanding Debt | At December 31, 2024 and 2023, our outstanding indebtedness consisted of the following: Senior Unsecured Notes:
|  |  |  |  |  | Principal Balance as of December 31,
|  | Coupon Rate |  | Maturity |  | 2024 |  | 2023
Senior unsecured notes (1) |  | 9.750% |  | June 2025 |  | $ | 380,000 |  |  | $ | 500,000 |
Senior unsecured notes |  | 4.750% |  | February 2028 |  | 500,000 |  |  | 500,000 |
Senior unsecured notes (1) |  | 4.375% |  | March 2031 |  | 500,000 |  |  | 500,000 |
Senior unsecured notes |  | 5.625% |  | August 2042 |  | 350,000 |  |  | 350,000 |
Senior unsecured notes |  | 6.250% |  | February 2046 |  | 250,000 |  |  | 250,000 |
Total |  |  |  |  |  | 1,980,000 |  |  | 2,100,000 |
Unamortized discount |  |  |  |  |  | (2,639) |  |  | (3,483) |
Unamortized debt issuance costs |  |  |  |  |  | (20,042) |  |  | (23,899) |
Senior unsecured notes, net |  |  |  |  |  | $ | 1,957,319 |  |  | $ | 2,072,618 |
(1)These notes are fully and unconditionally guaranteed, on a joint, several and unsecured basis, by all of our subsidiaries except certain excluded subsidiaries. The notes and related guarantees are effectively subordinated to all of our and the subsidiary guarantors' secured indebtedness, respectively, to the extent of the value of the applicable collateral, and are structurally subordinated to all indebtedness and other liabilities and any preferred equity of any of our subsidiaries that do not guarantee the notes. The table below represents our indebtedness repayments, excluding scheduled payments on amortizing debt, for the years ended December 31, 2024, 2023 and 2022:
Date |  | Debt Instrument |  | Secured Property Count |  | Interest Rate |  | Original Maturity Date |  | Outstanding Principal Balance |  | Repayment Amount |  | Remaining Principal Balance |  | Loss (gain) on Modification or Early Extinguishment of Debt
Repayments during the year ended December 31, 2024: |  |
November 2024 |  | Senior unsecured notes |  | — |  | 9.75% |  | June 2025 |  | $ | 440,000 |  |  | $ | 60,000 |  |  | $ | 380,000 |  |  | $ | 115 |
June 2024 |  | Senior unsecured notes |  | — |  | 9.75% |  | June 2025 |  | $ | 500,000 |  |  | 60,000 |  |  | $ | 440,000 |  |  | 209 |
Total |  |  |  |  |  |  |  |  |  |  |  | $ | 120,000 |  |  |  |  | $ | 324 |
Repayments during the year ended December 31, 2023: |  |
December 2023 |  | Senior unsecured notes |  | — |  | 4.75% |  | May 2024 |  | $ | 250,000 |  |  | $ | 250,000 |  |  | $ | — |  |  | $ | 1,079 |
December 2023 |  | Secured credit facility (1) |  | 62 |  | 8.36% |  | January 2024 |  | $ | 450,000 |  |  | 450,000 |  |  | $ | — |  |  | 314 |
April 2023 |  | Mortgage note |  | 1 |  | 6.64% |  | June 2023 |  | $ | 14,565 |  |  | 14,565 |  |  | $ | — |  |  | — |
February 2023 |  | Secured credit facility (1) |  | 61 |  | 7.05% |  | January 2024 |  | $ | 586,373 |  |  | 136,373 |  |  | $ | 450,000 |  |  | 1,075 |
January 2023 |  | Secured credit facility (1) |  | 61 |  | 6.88% |  | January 2024 |  | $ | 700,000 |  |  | 113,627 |  |  | $ | 586,373 |  |  | — |
Total |  |  |  |  |  |  |  |  |  |  |  | $ | 964,565 |  |  |  |  | $ | 2,468 |
Repayments during the year ended December 31, 2022: |  |
October 2022 |  | Mortgage note |  | 1 |  | 4.85% |  | October 2022 |  | $ | 10,287 |  |  | $ | 10,287 |  |  | $ | — |  |  | $ | — |
July 2022 |  | Mortgage note |  | 2 |  | 5.75% |  | October 2022 |  | $ | 15,273 |  |  | 15,273 |  |  | $ | — |  |  | — |
June 2022 |  | Senior unsecured notes |  | — |  | 9.75% |  | June 2025 |  | $ | 1,000,000 |  |  | 500,000 |  |  | $ | 500,000 |  |  | 29,576 |
April 2022 |  | Mortgage note |  | 1 |  | 6.28% |  | July 2022 |  | $ | 10,934 |  |  | 10,934 |  |  | $ | — |  |  | (16) |
February 2022 |  | Secured credit facility (1) |  | 61 |  | 2.85% |  | January 2024 |  | $ | 800,000 |  |  | 100,000 |  |  | $ | 700,000 |  |  | 483 |
Total |  |  |  |  |  |  |  |  |  |  |  | $ | 636,494 |  |  |  |  | $ | 30,043 |
(1)The interest rate presented for the secured credit facility reflects the interest rate at the time repayment was made.
Schedule of Secured and Other Debt |
|  | Number of Properties Secured By |  | Principal Balance as of December 31, (1) |  |  |  |  |  | Net Book Value of Collateral as of December 31,
|  | At December 31, 2024 |  | At December 31, 2023 |  | 2024 |  | 2023 |  | Interest Rate |  | Maturity |  | 2024 |  | 2023
Senior secured notes (2)(3)(4) |  | 95 |  |  | 95 |  |  | $ | 940,534 |  |  | $ | 940,534 |  |  | 0.00 | % |  | January 2026 |  | $ | 1,064,171 |  |  | $ | 1,075,889 |
Mortgage note |  | 8 |  |  | — |  |  | 120,000 |  |  | — |  |  | 6.86 | % |  | June 2034 |  | 191,186 |  |  | — |
Mortgage note |  | 1 |  |  | 1 |  |  | 7,464 |  |  | 9,109 |  |  | 6.44 | % |  | July 2043 |  | 13,097 |  |  | 13,589 |
Finance Leases |  | 2 |  |  | 2 |  |  | 2,338 |  |  | 3,911 |  |  | 7.70 | % |  | April 2026 |  | 21,606 |  |  | 22,765 |
Total |  | 106 |  |  | 98 |  |  | 1,070,336 |  |  | 953,554 |  |  |  |  |  |  | $ | 1,290,060 |  |  | $ | 1,112,243 |
Unamortized discount (3) |  |  |  |  |  | (101,035) |  |  | (187,813) |  |  |  |  |  |  |  |  |
Unamortized debt issuance costs |  |  |  |  |  | (15,716) |  |  | (21,510) |  |  |  |  |  |  |  |  |
Total secured and other debt, net |  |  |  |  |  | $ | 953,585 |  |  | $ | 744,231 |  |  |  |  |  |  |  |  |
(1)The principal balances are the amounts stated in the contracts. In accordance with GAAP, our carrying values and recorded interest expense may be different because of market conditions at the time we assumed certain of these debts. (2)These notes are fully and unconditionally guaranteed, on a joint, several and senior secured basis by certain of our subsidiaries that own 95 properties, or the Collateral Guarantors, and on a joint, several and unsecured basis, by all our subsidiaries other than the Collateral Guarantors and certain excluded subsidiaries. These notes and the guarantees provided by the Collateral Guarantors are secured by a first priority lien on and security interest in each of the collateral properties and 100% of the equity interests in each of the Collateral Guarantors. The guarantees provided by all our subsidiaries other than the Collateral Guarantors and certain excluded subsidiaries are effectively subordinated to all of the subsidiary guarantors' secured indebtedness to the extent of the value of the applicable collateral, and the notes and related guarantees are structurally subordinated to all indebtedness and other liabilities and any preferred equity of any of our subsidiaries that do not guarantee the notes. (3)These notes require no cash interest to accrue prior to maturity and will accrete at a rate of 11.25% per annum compounded semiannually on January 15 and July 15 of each year, such that the accreted value will equal the principal amount at maturity. The unamortized discount is related to these notes. (4)We have a one-time option to extend the maturity date of these notes by one year, to January 15, 2027, subject to satisfaction of certain conditions and payment of an extension fee. If we exercise this option, interest payments will be due semiannually during the extension period at an initial interest rate of 11.25% with increases of 50 basis points every 90 days these notes remain outstanding.
Schedule of Required Principal Payments on Outstanding Debt | Required principal payments on our outstanding debt as of December 31, 2024, were as follows:
Year |  | Principal Payment
2025 |  | $ | 381,940 |
2026 (1) |  | 941,379 |
2027 |  | 245 |
2028 |  | 500,261 |
2029 |  | 278 |
Thereafter |  | 1,226,233 |
Total |  | $ | 3,050,336 |
(1)We have a one year extension option for the maturity date of our $940,534 senior secured notes.

X
- Definition Tabular disclosure of information pertaining to secured and other debt obligations of the entity. The disclosure may include different types of debt instruments, carrying value of each debt instrument as of the balance sheet date, interest rate applicable to each instrument and maturity dates of instruments. + References No definition available. + Details
Name: | dhc_ScheduleOfSecuredAndOtherDebtTableTextBlock
Namespace Prefix: | dhc_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

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 long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69B -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69E -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69E Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-3 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477734/942-470-50-3 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-8 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-6 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-7 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 470 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481544/470-10-50-1 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration