Debt Obligations (Tables)

6 Months Ended

Jun. 30, 2021

Debt Obligations

Schedule of Debt Obligations

The debt obligations by component as of June 30, 2021 and December 31, 2020 are as follows (dollar amounts in thousands):

		At June 30, 2021				At December 31, 2020
	Applicable			Available				Available
	Interest	Outstanding		for		Outstanding		for
Debt Obligations	Rate (1)	Balance		Borrowing		Balance		Borrowing
Bank borrowings (2)	1.24%	$	65,900	$	534,100	$	89,900	$	510,100
Senior unsecured notes, net of debt issue costs (3)	4.37%		552,559		—		559,482		—
Total	4.04%	$	618,459	$	534,100	$	649,382	$	510,100

(1) Represents weighted average of interest rate as of June 30, 2021.

(2) Subsequent to June 30, 2021, we had a net borrowing of $19,000 under our unsecured revolving line of credit. Accordingly, we have $84,900 outstanding and $515,100 available for borrowing under our unsecured revolving line of credit at July 29, 2021.

(3) Subsequent to June 30, 2021, we paid $25,160 in regular scheduled principal payments under our senior unsecured notes. Accordingly, we have $527,399 outstanding under our senior unsecured notes, net of debt issue costs at July 29, 2021.

Schedule of borrowings and repayments

Our borrowings and repayments are as follows (in thousands):

	Six Months Ended June 30,
	2021						2020
Debt Obligations		Borrowings			Repayments		Borrowings		Repayments
Bank borrowings	$	17,000	(1)	$	(41,000)		$	24,000	$	(28,000)
Senior unsecured notes		—			(7,000)	(2)		—		—
Total	$	17,000		$	(48,000)		$	24,000	$	(28,000)

(1) Subsequent to June 30, 2021, we had a net borrowing of $19,000 under our unsecured revolving line of credit. Accordingly, we have $84,900 outstanding and $515,100 available for borrowing under our unsecured revolving line of credit at July 29, 2021.

(2) Subsequent to June 30, 2021, we paid $25,160 in regular scheduled principal payments under our senior unsecured notes. Accordingly, we have $527,399 outstanding under our senior unsecured notes, net of debt issue costs at July 29, 2021.