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Debt (Tables) | 9 Months Ended
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Sep. 30, 2020
Debt Disclosure [Abstract] |
Schedule of outstanding borrowings | The Company’s outstanding indebtedness as of September 30, 2020 and December 31, 2019 is as follows (in thousands):
|  |  |  | September 30, 2020 | December 31, 2019
Indebtedness | Stated Maturity Date | Contractual Interest Rate | Effective Interest Rate as of September 30, 2020 | Carrying Amount | Estimated Fair Value | Carrying Amount | Estimated Fair Value
2013 Mortgage Loans |  |  |  |  |
Senior note | 5/2023 | 3.81% | 4.14% | $ | 176,416 |  | $ | 181,707 |  | $ | 181,443 |  | $ | 184,618 |
Mezzanine A | 5/2023 | 7.38% | 7.55% | 70,000 |  | 71,575 |  | 70,000 |  | 70,525 |
Mezzanine B | 5/2023 | 11.50% | 11.75% | 32,000 |  | 32,880 |  | 32,000 |  | 32,320 |
Total 2013 Mortgage Loans |  |  |  | 278,416 |  | 286,162 |  | 283,443 |  | 287,463 |
Senior Unsecured Notes |  |  |  |  |  |  |
Series A 4.68% notes due 2026 | 1/2026 | 4.68% | 4.77% | 200,000 |  | 230,000 |  | 200,000 |  | 217,750 |
Series B 4.86% notes due 2029 | 1/2029 | 4.86% | 4.92% | 400,000 |  | 476,000 |  | 400,000 |  | 439,000 |
Series C 4.10% notes due 2030 | 1/2030 | 4.10% | 4.15% | 350,000 |  | 401,625 |  | 350,000 |  | 366,625 |
Total Senior Unsecured Notes |  |  |  | 950,000 |  | 1,107,625 |  | 950,000 |  | 1,023,375 |
2020 Senior Unsecured Term Loan Tranche A-1(1) | 3/2025 | L+0.95% | 2.64% | 425,000 |  | 420,750 |  | — |  | — |
2020 Senior Unsecured Term Loan Tranche A-2(2)(6) | 3/2025 | C+0.95% | 1.57% | 187,675 |  | 185,798 |  | — |  | — |
Total 2020 Senior Unsecured Term Loan A Facility(4) |  | 612,675 |  | 606,548 |  | — |  | — |
2018 Senior Unsecured Term Loan A Facility(1)(4) | 1/2023 | L+1.00% | 3.14% | — |  | — |  | 475,000 |  | 472,625 |
Total principal amount of indebtedness | $ | 1,841,091 |  | $ | 2,000,335 |  | $ | 1,708,443 |  | $ | 1,783,463 |
Less: unamortized deferred financing costs |  |  |  | (13,607) |  | n/a | (12,996) |  | n/a
Total indebtedness, net of unamortized deferred financing costs(3) | $ | 1,827,484 |  | $ | 2,000,335 |  | $ | 1,695,447 |  | $ | 1,783,463 |
2020 Senior Unsecured Revolving Credit Facility(3)(5) | 3/2024 | L+0.85% | 0.23% | $ | — |  | $ | — |  | N/A | N/A
2018 Senior Unsecured Revolving Credit Facility(1) (3) | 1/2021 | L+0.90% | 0.36% | N/A | N/A | $ | — |  | $ | — |
(1) L = one-month LIBOR. (2) C = one-month CDOR. (3) During the first quarter of 2020, the Company refinanced its Senior Unsecured Credit Facility. As such, the 2020 Senior Unsecured Revolving Credit Facility was in effect as of September 30, 2020 and the 2018 Senior Unsecured Revolving Credit Facility was in effect as of December 31, 2019. The above disclosure reflects N/A for the reporting date that the respective instrument was not in effect. (4) During the first quarter of 2020, the Company refinanced its Senior Unsecured Term Loan A. As such, the 2020 Senior Unsecured Term Loan A Facility was in effect as of September 30, 2020 and the 2018 Senior Unsecured Term Loan A Facility was in effect as of December 31, 2019. (5) The Company has the option to extend the 2020 Senior Unsecured Revolving Credit Facility up to two times for a six-month period each. (6) The 2020 Senior Unsecured Term Loan Tranche A-2 is denominated in Canadian dollars and aggregates to CAD $250.0 million. The carrying value in the table above is the US dollar equivalent as of September 30, 2020.
Schedule of aggregate maturities of total indebtedness | The aggregate maturities of the Company’s total indebtedness as of September 30, 2020, including amortization of principal amounts due under the mortgage notes, for each of the next five years and thereafter, are as follows:
As of September 30, 2020: | (In thousands)
September 30, 2021 | $ | 6,967
September 30, 2022 | 7,242
September 30, 2023 | 264,206
September 30, 2024 | — |
September 30, 2025 | 612,676
Thereafter | 950,000
Aggregate principal amount of debt | 1,841,091
Less unamortized deferred financing costs | (13,607) |
Total debt net of unamortized deferred financing costs | $ | 1,827,484

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