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Debt Obligations (Tables)
 12 Months Ended
Dec. 31, 2016
Debt Obligations  
Schedule of Debt Obligations

The following table sets forth information regarding debt obligations by component as of December 31, 2016 and 2015 (dollar amounts in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At December 31, 2016

 

At December 31, 2015

 

 

 

Applicable

 

 

 

Available

 

 

 

Available

 

 

 

Interest

 

Outstanding

 

for

 

Outstanding

 

for

 

Debt Obligations

    

Rate(1)

    

Balance

    

Borrowing

    

Balance

    

Borrowing

 

Bank borrowings (2)

 

2.25%

 

$
107,100

 

$
492,900

 

$
120,500

 

$
479,500

 

Senior unsecured notes, net of debt issue costs (3)

 

4.50%

 

 
502,291

 

 
22,500

 

 
451,372

 

 
33,333

 

Total

 

4.11%

 

$
609,391

 

 

 

 

$
571,872

 

 

 

 

(1)

Represents weighted average of interest rate as of December 31, 2016.

 

(2)

Subsequent to December 31, 2016, we repaid $107,100, accordingly we have no outstanding balance and $600,000 available for borrowing.

 

(3)

Subsequent to December 31, 2016, we paid $4,167 in regular scheduled principal payments and sold $100,000 senior unsecured notes. Additionally, we amended our shelf agreement with Prudential. Accordingly, we have $598,124 of senior unsecured notes outstanding and $36,667 available under our shelf agreement.
Schedule of principal payments and amounts due at maturity

The following table represents our long term contractual obligations (scheduled principal payments and amounts due at maturity) as of December 31, 2016, and excludes the effects of interest and debt issue costs (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Total

    

2017

    

2018

    

2019

    

2020

    

2021

    

Thereafter

 

Bank borrowings

 

$
107,100

(1)

$

 —

 

$
107,100

 

$

—

 

$

 —

 

$

 —

 

$

 —

 

Senior unsecured notes

 

 
503,300

(2)

 
31,167

 

 
38,167

 

 
33,666

 

 
40,160

 

 
40,160

 

 
319,980

 

 

 

$
610,400

 

$
31,167

 

$
145,267

 

$
33,666

 

$
40,160

 

$
40,160

 

$
319,980

 

(1)

Subsequent to December 31, 2016, we repaid the $107,100 outstanding balance. Accordingly, we have $600,000 available under our unsecured revolving line of credit.

(2)

Subsequent to December 31, 2016, we paid $4,167 in regular scheduled principal payments and sold $100,000 senior unsecured notes. Additionally, we amended our shelf agreement with Prudential. Accordingly, we have $598,124 of senior unsecured notes outstanding and $36,667 available under our shelf agreement.