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Debt (Tables)
6 Months Ended
Jun. 30, 2018
Debt Disclosure [Abstract]  
Schedule of Maturity Amounts Outstanding Under Credit Agreement, Third Restated Prudential Note Purchase Agreement

The amounts outstanding under our Restated Credit Agreement, the Third Restated Prudential Note Purchase Agreement and the MetLife Note Purchase Agreement (as defined below) are as follows (in thousands):

 

 

 

Maturity

Date

 

Interest Rate

 

 

June 30,

2018

 

 

December 31,

2017

 

Unsecured Revolving Credit Facility

 

March 2022

 

 

3.53

%

 

$

40,000

 

 

$

105,000

 

Unsecured Term Loan

 

March 2023

 

 

3.54

%

 

 

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

 

 

 

50,000

 

Series D Notes

 

June 2028

 

 

5.47

%

 

 

50,000

 

 

 

 

Series E Notes

 

June 2028

 

 

5.47

%

 

 

50,000

 

 

 

 

Total debt

 

 

 

 

 

 

 

 

415,000

 

 

 

380,000

 

Unamortized debt issuance costs, net

 

 

 

 

 

 

 

 

(3,786

)

 

 

(842

)

Total debt, net

 

 

 

 

 

 

 

$

411,214

 

 

$

379,158

 

 

Summary of Scheduled Debt Maturities, Including Balloon Payments

As of June 30, 2018, scheduled debt maturities, including balloon payments, are as follows (in thousands):

 

 

 

Revolving

Facility

 

 

Term Loan

 

 

Senior

Unsecured Notes

 

 

Total

 

2018

 

$

 

 

$

 

 

$

 

 

$

 

2019

 

 

 

 

 

 

 

 

 

 

 

 

2020

 

 

 

 

 

 

 

 

 

 

 

 

2021

 

 

 

 

 

 

 

 

100,000

 

 

 

100,000

 

2022 (1)

 

 

40,000

 

 

 

 

 

 

 

 

 

40,000

 

Thereafter

 

 

 

 

 

50,000

 

 

 

225,000

 

 

 

275,000

 

Total

 

$

40,000

 

 

$

50,000

 

 

$

325,000

 

 

$

415,000

 

 

(1)

The Revolving Facility matures in March 2022. Subject to the terms of the Restated Credit Agreement and our continued compliance with its provisions, we have the option to extend the term of the Revolving Facility for one additional year to March 2023.