As of September 30, 2017 and December 31, 2016, the Company's debt and related deferred financing costs consisted of the following:



	September 30, 2017			December 31, 2016			Contractual Interest Rate ⁽¹⁾	Payment Type	Loan Maturity	Effective Interest Rate ⁽⁴⁾
Revolving Credit Facility	$	347,758		$	333,458		2.74%	Interest Only	December 2019 ⁽²⁾	2.96%
AIG Loan	126,970			126,970			4.15%	Interest Only ⁽³⁾	November 2025	4.22%
Total Debt	474,728			460,428
Unamortized deferred financing costs	(3,160		)	(3,956		)
Total Debt, net	$	471,568		$	456,472

(1)

The 2.74% contractual interest rate is based on a 360-day year, pursuant to the Revolving Credit Facility. The 2.78% weighted-average interest rate is based on a 365-day year. As discussed below, the interest rate on the Revolving Credit Facility (as defined below) is a one-month LIBO Rate + 1.50%. As of September 30, 2017, the LIBO Rate was 1.24%. Including the effect of an interest rate swap agreement with a notional amount of $100.0 million, the weighted average interest rate as of September 30, 2017 was approximately 3.04% for the Company's fixed-rate and variable-rate debt combined.


(2)	The Revolving Credit Facility has an initial term of four years, maturing on December 12, 2018, and may be extended for a one-year period if certain conditions are met and upon payment of an extension fee. See discussion below.


(3)	The AIG Loan (as defined below) requires monthly payments of interest only, at a fixed rate, for the first five years and fixed monthly payments of principal and interest thereafter.


(4)	Reflects the effective interest rate at September 30, 2017 and includes the effect of amortization of deferred financing costs.