Debt Capital
Well Structured Balanced Sheet
Minimal interest rate risk
- Over 85% of total debt either fixed rate or swapped to fixed
- Average remaining duration of fixed rate debt of approximately 4.5 years (including swaps)
Low refinancing risk
- Focus on long duration debt
- Well-staggered debt maturities
- Cash flows before capex sufficient to meet near-term debt repayments, even with no roll-over
Access to multiple funding sources
- Utilize senior unsecured investment grade bonds, investment grade term ABS and senior unsecured bank loans
Investment Grade Credit Rating
We have a BBB corporate rating and senior unsecured debt rating from S&P, and a BBB- corporate rating and senior unsecured debt rating from Fitch.