XML 37 R25.htm IDEA: XBRL DOCUMENT
v3.21.1

Debt (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2021
Schedule of maturities of long-term debt | The following table presents scheduled principal payments related to the Company’s debt as of March 31, 2021 (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Scheduled |  | Balloon |  | ​ | ​
​ | Principal | ​ | Payment | ​ | Total
Remainder of 2021 | $ | 604 | ​ | $ | — | ​ | $ | 604
2022 |  | 850 | ​ |  | — | ​ |  | 850
2023 |  | 904 | ​ |  | 68,262 | ​ |  | 69,166
2024 (1) |  | 963 | ​ |  | 338,000 | ​ |  | 338,963
2025 | ​ | 1,026 | ​ | ​ | 50,000 | ​ | ​ | 51,026
Thereafter |  | 629 | ​ |  | 910,000 | ​ |  | 910,629
Total scheduled principal payments | ​ | 4,976 | ​ | ​ | 1,366,262 | ​ | ​ | 1,371,238
Original issue discount, net | ​ | — | ​ | ​ | (239) | ​ | ​ | (239)
Total | $ | 4,976 | ​ | $ | 1,366,023 | ​ | $ | 1,370,999
(1) | The Revolving Credit Facility matures in January 2024, with options to extend the maturity as described under Senior Unsecured Revolving Credit Facility above. The Revolving Credit Facility had a balance of $238.0 million as of March 31, 2021.
​
Mortgages [Member] |
Schedule of long-term debt instruments | Mortgage notes payable consisted of the following:
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | March 31, 2021 |  | December 31, 2020
(not presented in thousands) | ​ | (in thousands)
Note payable in monthly installments of interest only at 3.60% per annum, with a balloon payment due January 2023 | ​ | $ | 23,640 | ​ | $ | 23,640
​ | ​ |  | ​ | ​ |  |
Note payable in monthly installments of interest only at 5.01% per annum, with a balloon payment due September 2023 | ​ |  | 4,622 | ​ |  | 4,622
​ | ​ |  | ​ | ​ |  |
Note payable in monthly installments of $91,675 including interest at 6.27% per annum, with a final monthly payment due July 2026 | ​ |  | 4,976 | ​ |  | 5,172
​ | ​ |  |  | ​ |  |
Total principal | ​ |  | 33,238 | ​ |  | 33,434
Unamortized debt issuance costs | ​ |  | (285) | ​ |  | (312)
Total | ​ | $ | 32,953 | ​ | $ | 33,122
Unsecured Debt [Member] |
Schedule of long-term debt instruments | The following table presents the unsecured term loans balance net of unamortized debt issuance costs as of March 31, 2021 and December 31, 2020 (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | March 31, 2021 |  | December 31, 2020
2023 Term Loan | ​ | $ | 40,000 | ​ | $ | 40,000
2024 Term Loan Facilities | ​ |  | 100,000 | ​ |  | 100,000
2026 Term Loan | ​ |  | 100,000 | ​ |  | 100,000
Total Principal | ​ |  | 240,000 | ​ |  | 240,000
Unamortized debt issuance costs | ​ |  | (2,045) | ​ |  | (2,151)
Total | ​ | $ | 237,955 | ​ | $ | 237,849
Senior Unsecured Notes [Member] |
Schedule of long-term debt instruments | The following table presents the senior unsecured notes balance net of unamortized debt issuance costs and original issue discount as of March 31, 2021, and December 31, 2020 (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | March 31, 2021 |  | December 31, 2020
2025 Senior Unsecured Notes | ​ | $ | 50,000 | ​ | $ | 50,000
2027 Senior Unsecured Notes | ​ |  | 50,000 | ​ |  | 50,000
2028 Senior Unsecured Notes | ​ |  | 60,000 | ​ |  | 60,000
2029 Senior Unsecured Notes | ​ |  | 100,000 | ​ |  | 100,000
2030 Senior Unsecured Notes | ​ |  | 125,000 | ​ |  | 125,000
2030 Senior Unsecured Public Notes | ​ | ​ | 350,000 | ​ | ​ | 350,000
2031 Senior Unsecured Notes | ​ |  | 125,000 | ​ | ​ | 125,000
Total Principal | ​ |  | 860,000 | ​ |  | 860,000
Unamortized debt issuance costs and original issue discount, net | ​ |  | (4,546) | ​ |  | (4,672)
Total | ​ | $ | 855,454 | ​ | $ | 855,328

X
- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28541-108399 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28551-108399 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=us-gaap_MortgagesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=us-gaap_UnsecuredDebtMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=adc_SeniorUnsecuredNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |