Number of healthcare facilities used to secure debt (in facilities)

[Table of Contents](#ifa3dff468a15495db7b57c65ada0de74_7)During the three months ended March 31, 2022, the Company did not repurchase or redeem any senior unsecured notes. The following table summarizes the Company’s senior unsecured notes repurchases and redemptions during the year ended December 31, 2021 (dollars in thousands):

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Payoff Date |  | Amount |  | Coupon Rate |  | Maturity Year |
| May 19, 2021(1) |  | $ | 251,806  |  |  | 3.40  | % |  | 2025 |
| May 19, 2021(1) |  | 298,194  |  |  | 4.00  | % |  | 2025 |
| February 26, 2021(2) |  | 188,000  |  |  | 4.25  | % |  | 2023 |
| February 26, 2021(2) |  | 149,000  |  |  | 4.20  | % |  | 2024 |
| February 26, 2021(2) |  | 331,000  |  |  | 3.88  | % |  | 2024 |
| January 28, 2021(2) |  | 112,000  |  |  | 4.25  | % |  | 2023 |
| January 28, 2021(2) |  | 201,000  |  |  | 4.20  | % |  | 2024 |
| January 28, 2021(2) |  | 469,000  |  |  | 3.88  | % |  | 2024 |

\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_(1)Upon repurchasing a portion of the 3.40% and 4.00% senior unsecured notes due 2025, the Company recognized a $61 million loss on debt extinguishment during the year ended December 31, 2021.(2)Upon completing the repurchases and redemptions of all outstanding 4.25%, 4.20%, and 3.88% senior unsecured notes due 2023 and 2024, the Company recognized a $164 million loss on debt extinguishment during the three months ended March 31, 2021.During the three months ended March 31, 2022, the Company did not issue any senior unsecured notes.In 2021, the Company completed two green bond offerings. The net proceeds from both green bonds are or will be allocated to eligible green projects, and the Company may choose to allocate or re-allocate net proceeds from such offerings to one more other eligible green projects. The following table summarizes these senior unsecured note issuances for the year ended December 31, 2021 (dollars in thousands):

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Issue Date |  | Amount |  | Coupon Rate |  | Maturity Year |
| November 24, 2021 |  | $ | 500,000  |  |  | 2.13  | % |  | 2028 |
| July 12, 2021 |  | 450,000  |  |  | 1.35  | % |  | 2027 |

Mortgage DebtAt March 31, 2022 and December 31, 2021, the Company had $349 million and $350 million, respectively, in aggregate principal of mortgage debt outstanding, which was secured by 18 healthcare facilities, with an aggregate carrying value of $803 million and $811 million, respectively. Mortgage debt generally requires monthly principal and interest payments, is collateralized by real estate assets, and is non-recourse. Mortgage debt typically restricts transfer of the encumbered assets, prohibits additional liens, restricts prepayment, requires payment of real estate taxes, requires maintenance of the assets in good condition, requires insurance on the assets, and includes conditions to obtain lender consent to enter into or terminate material leases. Some of the mortgage debt may require tenants or operators to maintain compliance with the applicable leases or operating agreements of such real estate assets.During each of the three months ended March 31, 2022 and March 31, 2021, the Company made aggregate principal repayments of mortgage debt of $1 million (excluding mortgage debt on assets held for sale and discontinued operations). In April 2021, in conjunction with the acquisition of the MOB Portfolio, the Company originated $142 million of secured mortgage debt (see Note 3) that matures in May 2026. In April 2022, the Company terminated its existing interest rate cap agreements associated with this variable rate mortgage debt and entered into two interest rate swap contracts that are designated as cash flow hedges and mature in May 2026 (see Note 17). 19
