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UNSECURED SENIOR NOTES (Tables)
3 Months Ended
Mar. 31, 2017
Senior Notes  
Schedule of unsecured senior notes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

March 31, 

    

December 31, 

    

Effective

 

Issuance

 

Maturity

 

Unsecured Senior Notes

    

2017

    

2016

    

Interest Rate

 

Date

 

Date

 

 

 

(in thousands)

 

 

 

 

 

 

 

 

$250M 4.800% Guaranteed Notes due 2022

 

$

250,000

 

$

250,000

 

4.82

%  

 

Jun-12

 

Jul-22

 

$250M 4.375% Guaranteed Notes due 2023 (1)

 

 

250,000

 

 

250,000

 

4.50

%  

 

Dec-13

 

Dec-23

 

$250M 4.000% Guaranteed Notes due 2025 (1)

 

 

250,000

 

 

250,000

 

4.03

%  

 

Oct-15

 

Nov-25

 

$300M 3.125% Guaranteed Notes due 2026

 

 

300,000

 

 

300,000

 

3.18

%  

 

Aug-16

 

Sep-26

 

Principal balance outstanding

 

 

1,050,000

 

 

1,050,000

 

 

 

 

 

 

 

 

Less: Discount on issuance of unsecured senior

 

 

 

 

 

 

 

 

 

 

 

 

 

 

notes, net

 

 

(3,846)

 

 

(3,971)

 

 

 

 

 

 

 

 

Less: Loan procurement costs, net

 

 

(6,731)

 

 

(6,953)

 

 

 

 

 

 

 

 

Total unsecured senior notes, net

 

$

1,039,423

 

$

1,039,076

 

 

 

 

 

 

 

 


(1)

On April 4, 2017, the Operating Partnership issued an additional $50.0 million of its 4.375% Senior Notes due 2023 and an additional $50.0 million of its 4.000% Senior Notes due 2025 (see note 16).