Quarterly report pursuant to Section 13 or 15(d)

Unsecured Line of Credit and Term Notes (Tables)

v3.22.1
Unsecured Line of Credit and Term Notes (Tables)
3 Months Ended
Mar. 31, 2022
Debt Disclosure [Abstract]  
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