Secured and unsecured senior debt (Details 3) (USD $)
In Millions, unless otherwise specified |
1 Months Ended | 9 Months Ended | 1 Months Ended | 1 Months Ended | ||||
---|---|---|---|---|---|---|---|---|
Apr. 30, 2012
|
Sep. 30, 2012
|
Feb. 29, 2012
Unsecured senior notes payable, due April 1, 2022
|
Sep. 30, 2012
Unsecured senior notes payable, due April 1, 2022
|
Sep. 30, 2012
Unsecured senior notes payable, due April 1, 2022
Requirement
Less than or equal to
|
Sep. 30, 2012
Unsecured senior notes payable, due April 1, 2022
Requirement
Greater than or equal to
|
Feb. 29, 2012
2012 Unsecured Bank Term Loan
|
Jun. 30, 2011
2012 Unsecured Bank Term Loan
|
|
Unsecured senior notes payable | ||||||||
Principal amount raised | $ 550 | |||||||
Stated interest rate (as a percent) | 4.60% | 4.60% | ||||||
Price as a percentage of principal amount of notes payable | 99.915% | |||||||
Yield rate (as a percent) | 4.61% | |||||||
Ownership interest in subsidiary (as a percent) | 100.00% | 100.00% | ||||||
Prepayment of outstanding principal balance | $ 1.0 | $ 250.0 | $ 500.0 | |||||
Requirements of the key financial covenants under our unsecured senior notes payable | ||||||||
Total Debt to Total Assets (as a percent) | 60.00% | |||||||
Consolidated EBITDA to interest expense (as a percent) | 150.00% | |||||||
Unencumbered total asset value to unsecured debt (as a percent) | 150.00% | |||||||
Secured debt to total assets (as a percent) | 40.00% |