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Debt Obligations (Tables) | 3 Months Ended
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Mar. 31, 2021
Debt Disclosure [Abstract] |
Consolidated debt obligations | The following table sets forth information regarding the Company’s consolidated debt obligations outstanding as of March 31, 2021 and December 31, 2020 (in thousands):
| March 31, 2021 |  | December 31, 2020 |  | Effective Interest Rate |  | Maturity Date
UNSECURED DEBT |  |  |  |  |  |  |
$600 million Unsecured Credit Facility | $ | 13,000 |  |  | $ | — |  |  | LIBOR + 1.10% |  | July 2022
Seven-Year Term Loan - Swapped to fixed | 250,000 |  |  | $ | 250,000 |  |  | 2.87% |  | October 2022
$350.0M 3.95% Guaranteed Notes due 2023 | 350,000 |  |  | 350,000 |  |  | 3.87% |  | February 2023
$350.0M 4.10% Guaranteed Notes due 2024 | 350,000 |  |  | 350,000 |  |  | 3.78% |  | October 2024
$450.0M 3.95% Guaranteed Notes due 2027 | 450,000 |  |  | 450,000 |  |  | 4.03% |  | November 2027
$350.0M 4.55% Guaranteed Notes due 2029 | 350,000 |  |  | 350,000 |  |  | 4.30% |  | October 2029
Indenture IA (Preferred Trust I) | 27,062 |  |  | 27,062 |  |  | LIBOR + 1.25% |  | March 2035
Indenture IB (Preferred Trust I) | 25,774 |  |  | 25,774 |  |  | LIBOR + 1.25% |  | April 2035
Indenture II (Preferred Trust II) | 25,774 |  |  | 25,774 |  |  | LIBOR + 1.25% |  | July 2035
Principal balance outstanding | 1,841,610 |  |  | 1,828,610 |  |  |  |  |
Plus: original issue premium (discount), net | 9,650 |  |  | 10,137 |  |  |  |  |
Less: deferred financing costs | (7,667) |  |  | (8,152) |  |  |  |  |
Total unsecured indebtedness | $ | 1,843,593 |  |  | $ | 1,830,595 |  |  |  |  |
Schedule of maturities of long-term debt | As of March 31, 2021, the aggregate scheduled principal payments on the Company's debt obligations were as follows (in thousands):
2021 (nine months remaining) | $ | — |
2022 | 263,000 |
2023 | 350,000 |
2024 | 350,000 |
2025 | — |
Thereafter | 878,610 |
Total principal payments | 1,841,610 |
Net unamortized premiums/(discounts) | 9,650 |
Net deferred financing costs | (7,667) |
Outstanding indebtedness | $ | 1,843,593 |

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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- 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
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