Financing Activity (Tables)

6 Months Ended

Jun. 30, 2018

Schedule of credit facility interest expense [Table Text Block]



		Three Months Ended June 30,				Six Months Ended June 30,
(in thousands of dollars)		2018		2017		2018		2017
Revolving Facilities ⁽¹⁾
	Interest expense	$	248	$	645	$	613	$	1,409
	Deferred financing amortization	304		199		504		398

Term Loans ⁽²⁾
	Interest expense	4,499		3,712		8,785		6,547
	Deferred financing amortization	190		190		381		377
	Accelerated financing costs	363		—		363		—

Applicable Credit Spread Over Libor at Various Leverage Levels



		Three Months Ended June 30,				Six Months Ended June 30,
(in thousands of dollars)		2018		2017		2018		2017
Revolving Facilities ⁽¹⁾
	Interest expense	$	248	$	645	$	613	$	1,409
	Deferred financing amortization	304		199		504		398

Term Loans ⁽²⁾
	Interest expense	4,499		3,712		8,785		6,547
	Deferred financing amortization	190		190		381		377
	Accelerated financing costs	363		—		363		—

⁽¹⁾ Includes the 2018 Revolving Facility and the 2013 Revolving Facility (collectively, the “Revolving Facilities”).

⁽²⁾ Includes the 2018 Term Loan Facility, the 7-Year Term Loan, the 2014 5-Year Term Loan and the 2015 5-Year Term Loan.

Carrying and Fair Values of Mortgage Loans

The aggregate carrying values and estimated fair values of mortgage loans based on interest rates and market conditions at June 30, 2018 and December 31, 2017 were as follows:



	June 30, 2018				December 31, 2017
(in millions of dollars)	Carrying Value		Fair Value		Carrying Value		Fair Value
Mortgage loans⁽¹⁾	$	1,056.7	$	1,012.8	$	1,056.1	$	1,029.7