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Notes Payable and Other Debt | 3 Months Ended
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Mar. 31, 2020
Debt Disclosure [Abstract] |
Notes Payable and Other Debt | NOTES PAYABLE AND OTHER DEBT At March 31, 2020 and December 31, 2019, notes payable and total debt consisted of the following (in millions):
|  | Interest Rate (%) |  | Maturity Date |  | Principal Outstanding |  |
|  |  |  |  |  | 3/31/2020 |  | 12/31/2019
Secured: |  |  |  |  |  |  |  |
Kailua Town Center |  | (1) |  | 2021 |  | $ | 10.1 |  |  | $ | 10.2 |
Kailua Town Center #2 |  | 3.15 |  | 2021 |  | 4.6 |  |  | 4.6 |
Heavy Equipment Financing |  | (2) |  | (2) |  | 3.2 |  |  | 3.6 |
Laulani Village |  | 3.93 |  | 2024 |  | 62.0 |  |  | 62.0 |
Pearl Highlands |  | 4.15 |  | 2024 |  | 82.9 |  |  | 83.4 |
Manoa Marketplace |  | (3) |  | 2029 |  | 59.1 |  |  | 59.5 |
Subtotal |  |  |  |  |  | $ | 221.9 |  |  | $ | 223.3 |
Unsecured: |  |  |  |  |  |  |  |
Series D Note |  | 6.90% |  | 2020 |  | — |  |  | 16.2 |
Bank Syndicated Loan |  | (4) |  | 2023 |  | 50.0 |  |  | 50.0 |
Series A Note |  | 5.53% |  | 2024 |  | 28.5 |  |  | 28.5 |
Series J Note |  | 4.66% |  | 2025 |  | 10.0 |  |  | 10.0 |
Series B Note |  | 5.55% |  | 2026 |  | 46.0 |  |  | 46.0 |
Series C Note |  | 5.56% |  | 2026 |  | 23.0 |  |  | 23.0 |
Series F Note |  | 4.35% |  | 2026 |  | 22.0 |  |  | 22.0 |
Series H Note |  | 4.04% |  | 2026 |  | 50.0 |  |  | 50.0 |
Series K Note |  | 4.81% |  | 2027 |  | 34.5 |  |  | 34.5 |
Series G Note |  | 3.88% |  | 2027 |  | 35.0 |  |  | 35.0 |
Series L Note |  | 4.89% |  | 2028 |  | 18.0 |  |  | 18.0 |
Series I Note |  | 4.16% |  | 2028 |  | 25.0 |  |  | 25.0 |
Term Loan 5 |  | 4.30% |  | 2029 |  | 25.0 |  |  | 25.0 |
Subtotal |  |  |  |  |  | $ | 367.0 |  |  | $ | 383.2 |
Revolving Credit Facilities: |  |  |  |  |  |  |  |
GLP Asphalt Revolving Credit Facility |  | (5) |  | 2020 |  | — |  |  | — |
A&B Revolver |  | (6) |  | 2022 |  | 231.0 |  |  | 98.7 |
Subtotal |  |  |  |  |  | $ | 231.0 |  |  | $ | 98.7 |
Total Debt (contractual) |  |  |  |  |  | 819.9 |  |  | 705.2 |
Unamortized debt premium (discount) |  |  |  |  |  | — |  |  | (0.1) |
Unamortized debt issuance costs |  |  |  |  |  | (0.3) |  |  | (0.5) |
Total debt (carrying value) |  |  |  |  |  | $ | 819.6 |  |  | $ | 704.6 |
(1) Loan has a stated interest rate of LIBOR plus 1.50%, but is swapped through maturity to a 5.95% fixed rate. |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(2) Loans have stated rates ranging from 4.08% to 5.00% and stated maturity dates ranging from 2021 to 2023. |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(3) Loan has a stated interest rate of LIBOR plus 1.35%, but is swapped through maturity to a 3.14% fixed rate. |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(4) Loan has a stated interest rate of LIBOR plus 1.80% but is swapped through maturity to a 3.15% fixed rate. |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(5) Loan has a stated interest rate of LIBOR plus 1.25%. |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(6) Loan has a stated interest rate of LIBOR plus 1.85% based on pricing grid. |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
The Company believes that funds generated from results of operations, available cash and cash equivalents, and available borrowings under credit facilities will be sufficient to satisfy any maturities of debt due in the next twelve months. Interest costs are capitalized for certain development and redevelopment projects that have not yet been placed into service. Capitalization of interest commences when development activities and expenditures begin and end upon completion, which is when the asset is ready for its intended use. Capitalized interest costs related to development activities were $0.1 million for the three months ended March 31, 2020. There were $0.3 million of capitalized interest costs for the three months ended March 31, 2019.

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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