| Borrowings Outstanding on Unsecured Line of Credit and Term Notes |
Borrowings outstanding on our unsecured line of credit and term notes are as follows:
|
|
|
|
|
|
|
|
|
(Dollars in thousands) |
|
March 31,
2022 |
|
|
December 31,
2021 |
|
Revolving line of credit borrowings |
|
$ |
135,000 |
|
|
$ |
— |
|
|
|
|
|
|
|
|
Term note due April 8, 2024 |
|
$ |
175,000 |
|
|
$ |
175,000 |
|
Senior term note due July 1, 2026 |
|
|
600,000 |
|
|
|
600,000 |
|
Senior term note due December 15, 2027 |
|
|
450,000 |
|
|
|
450,000 |
|
Term note due July 21, 2028 |
|
|
200,000 |
|
|
|
200,000 |
|
Senior term note due June 15, 2029 |
|
|
350,000 |
|
|
|
350,000 |
|
Senior term note due October 15, 2030 |
|
|
400,000 |
|
|
|
400,000 |
|
Senior term note due October 15, 2031 |
|
|
600,000 |
|
|
|
600,000 |
|
Total term note principal balance outstanding |
|
|
2,775,000 |
|
|
|
2,775,000 |
|
Less: unamortized debt issuance costs |
|
|
(15,427 |
) |
|
|
(16,008 |
) |
Less: unamortized senior term note discount |
|
|
(10,786 |
) |
|
|
(11,154 |
) |
Term notes payable |
|
$ |
2,748,787 |
|
|
$ |
2,747,838 |
|
|