| Summary of debt |
| | | | | | | | | | | | | | | | June 30, | | December 31, | | Effective | | Issuance | | Maturity | Unsecured Senior Notes | | 2025 | | 2024 | | Interest Rate | | Date | | Date | | | | (in thousands) | | | | | | | | $300M 4.000% Guaranteed Notes due 2025 (1) | | $ | 300,000 | | $ | 300,000 | | 3.99 | % | | Various (1) | | Nov-25 | $300M 3.125% Guaranteed Notes due 2026 | | | 300,000 | | | 300,000 | | 3.18 | % | | Aug-16 | | Sep-26 | $550M 2.250% Guaranteed Notes due 2028 | | | 550,000 | | | 550,000 | | 2.33 | % | | Nov-21 | | Dec-28 | $350M 4.375% Guaranteed Notes due 2029 | | | 350,000 | | | 350,000 | | 4.46 | % | | Jan-19 | | Feb-29 | $350M 3.000% Guaranteed Notes due 2030 | | | 350,000 | | | 350,000 | | 3.04 | % | | Oct-19 | | Feb-30 | $450M 2.000% Guaranteed Notes due 2031 | | | 450,000 | | | 450,000 | | 2.10 | % | | Oct-20 | | Feb-31 | $500M 2.500% Guaranteed Notes due 2032 | | | 500,000 | | | 500,000 | | 2.59 | % | | Nov-21 | | Feb-32 | Principal balance outstanding | | | 2,800,000 | | | 2,800,000 | | | | | | | | Less: Discount on issuance of unsecured senior notes, net | | | (7,668) | | | (8,495) | | | | | | | | Less: Loan procurement costs, net | | | (9,631) | | | (10,874) | | | | | | | | Total unsecured senior notes, net | | $ | 2,782,701 | | $ | 2,780,631 | | | | | | | |
| (1) | On April 4, 2017, the Operating Partnership issued $50.0 million of its 4.000% senior notes due 2025, which are part of the same series as the $250.0 million principal amount of the Operating Partnership’s 4.000% senior notes due November 15, 2025 issued on October 26, 2015. The $50.0 million and $250.0 million tranches were priced at 101.343% and 99.735%, respectively, of the principal amount to yield 3.811% and 4.032%, respectively, to maturity. The combined weighted average effective interest rate of the 2025 notes is 3.994%. |
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