Financing Activity (Tables)

3 Months Ended

Mar. 31, 2021

Schedule Of Credit Facility Interest Expense and Deferred Financing Fee Amortization

Interest expense and deferred financing fee amortization related to the Credit Agreements and the Restructured Credit Agreements for the three months ended March 31, 2021 and 2020 were as follows:

	Three Months Ended March 31,
(in thousands of dollars)	2021		2020
Revolving Facilities:
Interest expense	$	548	$	2,483
Deferred financing amortization		299		274
Term Loans:
Interest expense ⁽¹⁾		20,421		5,506
Deferred financing amortization		1,780		191

⁽¹⁾	For the three months ended March 31, 2021, $11.5 million in interest under the Second Lien Term Loan Facility was not paid in cash, but capitalized to the principal balance of the loan.

Carrying and Fair Values of Mortgage Loans

The estimated fair values of our consolidated mortgage loans based on year-end interest rates and market conditions at March 31, 2021 and December 31, 2020 were as follows:

	March 31, 2021				December 31, 2020
(in millions of dollars)	Carrying Value		Fair Value		Carrying Value		Fair Value
Mortgage loans⁽¹⁾	$	874.9	$	852.6	$	884.5	$	873.2

⁽¹⁾	The carrying value of mortgage loans is net of unamortized debt issuance costs of $1.1 million and $1.0 million as of March 31, 2021 and December 31, 2020, respectively.