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Debt (Tables)
12 Months Ended
Dec. 31, 2017
Debt Disclosure [Abstract]  
Schedule of Maturity Amounts Outstanding Under Credit Agreement and Second Restated Prudential Note Purchase Agreement

The amounts outstanding under our Credit Agreement and Second Restated Prudential Note Purchase Agreement (both defined below) are as follows (in thousands):

 

 

 

Maturity

Date

 

Interest

Rate

 

 

December 31,

2017

 

 

December 31,

2016

 

Unsecured Revolving Credit Facility

 

June 2018

 

 

3.72

%

 

$

105,000

 

 

$

75,000

 

Unsecured Term Loan

 

June 2020

 

 

3.85

%

 

 

50,000

 

 

 

50,000

 

Series A Notes

 

February 2021

 

 

6.00

%

 

 

100,000

 

 

 

100,000

 

Series B Notes

 

June 2023

 

 

5.35

%

 

 

75,000

 

 

 

75,000

 

Series C Notes

 

February 2025

 

 

4.75

%

 

 

50,000

 

 

 

 

Total debt

 

 

 

 

 

 

 

 

380,000

 

 

 

300,000

 

Unamortized debt issuance costs, net

 

 

 

 

 

 

 

 

(842

)

 

 

(1,456

)

Total debt, net

 

 

 

 

 

 

 

$

379,158

 

 

$

298,544

 

 

Summary of Scheduled Debt Maturities, Including Balloon Payments

As of December 31, 2017, scheduled debt maturities, including balloon payments, are as follows (in thousands):

 

 

 

Revolving

Facility

 

 

Term Loan

 

 

Senior

Unsecured Notes

 

 

Total

 

2018 (a)

 

 

105,000

 

 

$

 

 

$

 

 

$

105,000

 

2019

 

 

 

 

 

 

 

 

 

 

 

 

2020

 

 

 

 

 

50,000

 

 

 

 

 

 

50,000

 

2021

 

 

 

 

 

 

 

 

100,000

 

 

 

100,000

 

2022

 

 

 

 

 

 

 

 

 

 

 

 

Thereafter

 

 

 

 

 

 

 

 

125,000

 

 

 

125,000

 

Total

 

$

105,000

 

 

$

50,000

 

 

$

225,000

 

 

$

380,000

 

 

 

(a)

The Revolving Facility matures in June 2018 and may be extended for one year at our election, subject to the terms of the Credit Agreement and our continued compliance with its provisions.