v3.26.1
Debt of the Operating Partnership (Tables)
6 Months Ended
Jun. 30, 2026
Debt of the Operating Partnership  
Summary of Outstanding Indebtedness of the Operating Partnership A summary of outstanding indebtedness is as follows (in thousands):

  ​ ​ ​

June 30, 2026

  ​ ​ ​

December 31, 2025

Weighted-

Weighted-

average

Amount

average

Amount

interest rate

Outstanding

interest rate

Outstanding

Global Revolving Credit Facilities

1.70

%

$

726,207

2.63

%

$

918,540

Unsecured term loans

3.08

%

428,325

2.73

%

440,475

Unsecured senior notes

2.60

%  

16,019,337

2.60

%  

16,321,227

Secured and other debt(1)(2)

7.49

%  

 

1,593,735

9.02

%  

 

876,528

Total

2.99

%  

$

18,767,604

  ​

2.90

%  

$

18,556,770

(1)In March 2026, we voluntarily paid down Teraco debt of $53 million. The paydown resulted in a loss on debt extinguishment and modifications of approximately $4.1 million.
(2)As part of the June 2026 Acquisition, we assumed a construction loan in the amount of $726 million. The current maturity date for the loan is December 24, 2027, and is subject to two 12-month extension options exercisable by us.
Schedule of Debt In Functional Currencies Included in the outstanding balances were borrowings denominated in the following currencies (in thousands, U.S. dollars):

June 30, 2026

December 31, 2025

Amount

Amount

Denomination of Draw

  ​ ​ ​

Outstanding

  ​ ​ ​

% of Total

Outstanding

  ​ ​ ​

% of Total

U.S. dollar ($)

$

3,430,016

  ​

18.3

%

$

2,922,170

  ​

15.8

%

British pound sterling (£)

 

1,193,580

  ​

6.4

%

1,212,750

6.5

%

Euro ()

11,804,765

62.9

%

12,199,575

65.7

%

Other

2,339,243

12.4

%

2,222,275

12.0

%

Total

$

18,767,604

  ​

$

18,556,770

  ​

Schedule of Debt Maturities and Principal Maturities

The table below summarizes debt maturities and principal payments as of June 30, 2026 (in thousands):

Global Revolving

Unsecured

Unsecured

Secured and

  ​ ​ ​

Credit Facilities (1)(2)

  ​ ​ ​

Term Loans(3)

  ​ ​ ​

Senior Notes

  ​ ​ ​

Other Debt

  ​ ​ ​

Total Debt

2026

$

$

428,325

$

340,176

$

56,668

$

825,169

2027

1,185,550

979,147

2,164,697

2028

2,121,100

408,815

2,529,915

2029

 

726,207

 

 

2,848,161

 

26,706

 

3,601,074

2030

 

 

 

1,586,060

 

81,225

 

1,667,285

Thereafter

 

 

 

7,938,290

 

41,174

 

7,979,464

Subtotal

$

726,207

$

428,325

$

16,019,337

$

1,593,735

$

18,767,604

Unamortized net discounts

 

 

 

(41,661)

 

 

(41,661)

Unamortized deferred financing costs

(16,451)

(644)

(70,882)

(2,617)

(90,594)

Total

$

709,756

$

427,681

$

15,906,794

$

1,591,118

$

18,635,349

(1)Includes amounts outstanding for the Global Revolving Credit Facilities.
(2)The Global Revolving Credit Facilities are subject to two six-month extension options exercisable by us; provided that the Operating Partnership must pay a 0.0625% extension fee based on each lender’s revolving commitments then outstanding (whether funded or unfunded).
(3)The €375.0 million Euro Term Loan Facility is subject to a maturity extension option of one year, provided that the Operating Partnership must pay a 0.125% extension fee based on the then outstanding principal amount of such facility commitments then outstanding. In July 2026, we exercised the one-year maturity extension option; the current maturity date is August 11, 2027.
Schedule of Unsecured Senior Notes

The following table provides details of our unsecured senior notes (balances in thousands):

Aggregate Principal Amount at Issuance

Balance as of

Borrowing Currency

USD

Maturity Date

June 30, 2026

December 31, 2025

0.200% notes due 2026

CHF

275,000

$

298,404

Dec 15, 2026

340,176

346,918

1.700% notes due 2027

CHF

150,000

$

162,465

Mar 30, 2027

185,550

189,228

3.700% notes due 2027(1)

$

1,000,000

$

1,000,000

Aug 15, 2027

1,000,000

1,000,000

5.550% notes due 2028(1)

$

900,000

$

900,000

Jan 15, 2028

900,000

900,000

1.125% notes due 2028

500,000

$

548,550

Apr 09, 2028

571,100

587,300

4.450% notes due 2028

$

650,000

$

650,000

Jul 15, 2028

650,000

650,000

0.550% notes due 2029

CHF

270,000

$

292,478

Apr 16, 2029

333,991

340,611

3.600% notes due 2029

$

900,000

$

900,000

Jul 01, 2029

900,000

900,000

3.300% notes due 2029

£

350,000

$

454,895

Jul 19, 2029

464,170

471,625

1.875% Exchangeable Notes due 2029(1)

$

1,150,000

$

1,150,000

Nov 15, 2029

1,150,000

1,150,000

1.500% notes due 2030

750,000

$

831,900

Mar 15, 2030

856,650

880,950

3.750% notes due 2030

£

550,000

$

719,825

Oct 17, 2030

729,410

741,125

1.250% notes due 2031

500,000

$

560,950

Feb 01, 2031

571,100

587,300

0.625% notes due 2031

1,000,000

$

1,220,700

Jul 15, 2031

1,142,200

1,174,600

1.000% notes due 2032

750,000

$

874,500

Jan 15, 2032

856,650

880,950

1.375% notes due 2032

750,000

$

849,375

Jul 18, 2032

856,650

880,950

3.750% notes due 2033

600,000

$

691,680

Jan 15, 2033

685,320

704,760

3.875% notes due 2033

850,000

$

941,375

Sep 13, 2033

970,870

998,410

3.875% notes due 2034

850,000

$

-

Jul 15, 2034

970,870

998,410

3.875% notes due 2035

850,000

$

876,180

Mar 15, 2035

970,870

998,410

4.250% notes due 2037

800,000

$

922,240

Nov 20, 2037

913,760

939,680

$

16,019,337

$

16,321,227

Unamortized discounts, net of premiums

(41,661)

(46,316)

Deferred financing costs, net

(70,882)

(80,470)

Total unsecured senior notes, net of discount and deferred financing costs

$

15,906,794

$

16,194,441

(1)Subject to cross-currency swaps.