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DEBT (Tables)
3 Months Ended
Mar. 31, 2019
Schedule Of Debt Outstanding

Debt outstanding as of March 31, 2019 and December 31, 2018 consists of the following (in thousands):

 

 

 

March 31,

 

 

December 31,

 

 

 

2019

 

 

2018

 

Revolving Credit Facility, principal due at maturity

   in April 2023; interest payable periodically at variable interest

   rates. The weighted average rate at both March 31, 2019 and

   December 31, 2018 was 4.0%.

 

$

214,000

 

 

$

201,000

 

Term Loan, scheduled principal payments through maturity in

   April 2023; interest payable periodically at variable interest rates.

   The rate at both March 31, 2019 and December 31, 2018 was 4.0%.

   Unamortized debt issuance costs amounted to $0.1 million at both

   March 31, 2019 and December 31, 2018.

 

 

196,250

 

 

 

197,500

 

4.625% Senior Notes, principal due at maturity in May 2023;

   interest payable semi-annually in May and November at 4.625%.

   Unamortized debt issuance costs amounted to $2.6 million

   and $2.7 million at March 31, 2019 and

   December 31, 2018, respectively.

 

 

350,000

 

 

 

350,000

 

4.125% Senior Notes, principal due at maturity in April 2020;

   interest payable semi-annually in April and October at 4.125%.

   Unamortized debt issuance costs amounted to $0.8 million

   and $1.0 million at March 31, 2019 and

   December 31, 2018, respectively.

 

 

325,000

 

 

 

325,000

 

5.0% Senior Notes, principal due at maturity in October 2022;

   interest payable semi-annually in April and October at 5.0%.

   Unamortized debt issuance costs amounted to $1.7 million

   and $1.8 million at March 31, 2019 and

   December 31, 2018, respectively.

 

 

250,000

 

 

 

250,000

 

4.75% Senior Notes, principal due at maturity in October 2027;

   interest payable semi-annually in April and October at 4.75%.

   Unamortized debt issuance costs amounted to $3.4 million

   and $3.5 million at March 31, 2019 and

   December 31, 2018, respectively.

 

 

250,000

 

 

 

250,000

 

4.5% Non-Recourse Mortgage Note, secured by Capital Commerce

   Center; principal and interest at 4.5% payable monthly until maturity

   in January 2033. Unamortized debt issuance costs amounted

   to $0.3 million at both March 31, 2019 and December 31, 2018.

 

 

23,129

 

 

 

23,429

 

4.43% Non-Recourse Mortgage Note, secured by the Lansing

   Correctional Facility; principal and interest at 4.43% payable quarterly

   beginning in July 2020 until maturity in January 2040. Unamortized

   debt issuance costs amounted  to $3.4 million at both

   March 31, 2019 and December 31, 2018.

 

 

93,472

 

 

 

62,331

 

4.5% Non-Recourse Mortgage Note, secured by SSA-Baltimore;

   principal and interest at 4.5% payable monthly until maturity in

   February 2034. Unamortized debt issuance costs amounted

   to $0.2 million and $0.3 million at March 31, 2019

   and December 31, 2018, respectively.

 

 

154,209

 

 

 

155,535

 

Total debt

 

 

1,856,060

 

 

 

1,814,795

 

Unamortized debt issuance costs

 

 

(12,498

)

 

 

(13,119

)

Current portion of long-term debt

 

 

(15,448

)

 

 

(14,121

)

Long-term debt, net

 

$

1,828,114

 

 

$

1,787,555

 

Schedule of Principal Payments Scheduled principal payments as of March 31, 2019 for the remainder of 2019, the next four years, and thereafter were as follows (in thousands):

 

2019 (remainder)

 

$

11,245

 

2020

 

 

343,849

 

2021

 

 

20,337

 

2022

 

 

274,231

 

2023

 

 

734,360

 

Thereafter

 

 

472,038

 

Total debt

 

$

1,856,060