Indebtedness

9 Months Ended

Sep. 30, 2019

Debt Disclosure [Abstract]

Indebtedness

Indebtedness

Senior Unsecured Notes:

On June 28, 2019, we redeemed all $250.0 million of our 5.875% senior unsecured notes due 2020 and recognized a loss on early extinguishment of debt of $6.4 million for the nine months ended September 30, 2019 from prepayment fees, the write off of unamortized deferred financing fees and the write off of an unamortized discount.

Debt Covenants:

After the redemption of our 5.875% senior unsecured notes due 2020 on June 28, 2019, we no longer have any notes outstanding under our public debt indenture and related supplements, collectively the Indenture, and we are no longer required to maintain the financial ratio covenants prescribed in the Indenture. As a result, we are no longer rated by the debt rating agencies.

Mortgage Note Payable:

At September 30, 2019, one of our properties with an aggregate net book value of $43.6 million had a secured mortgage note totaling $25.9 million (including a net premium and unamortized deferred financing fees) maturing in 2021.