Debt Commitments (Tables)

9 Months Ended

Sep. 30, 2021

Schedule of Debt Obligations and Letters of Credit Outstanding

Debt obligations and letters of credit outstanding at the end of each period consisted of the following:


	Average Interest Rate at September 30, 2021			Debt Outstanding
			Maturity Date	September 30, 2021		December 31, 2020
Unsecured revolving credit facility	1.03	%	November 30, 2023	$	—	—
Senior unsecured promissory notes payable, Series A	2.00	%	July 20, 2021	—		40.0
Senior unsecured promissory notes payable, Series B	2.45	%	July 20, 2022	35.0		35.0
Senior unsecured promissory notes payable, Series C	3.22	%	March 1, 2024	60.0		60.0
Senior unsecured promissory notes payable, Series D	2.66	%	May 15, 2025	75.0		75.0
Senior unsecured promissory notes payable, Series E	2.72	%	May 15, 2027	50.0		50.0
Senior unsecured promissory notes payable, Series F	1.69	%	June 24, 2023	70.0		70.0
Senior unsecured promissory notes payable, Series G	2.13	%	June 24, 2026	25.0		25.0
Senior unsecured promissory notes payable, Series H	2.50	%	June 24, 2030	50.0		50.0
Total				365.0		405.0
Less: Current portion of debt				(35.0)		(40.0)
Long-term debt				$	330.0	365.0

Outstanding letters of credit under unsecured revolving credit facility - contingent obligation				$	36.3	36.3

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details