Quarterly report pursuant to Section 13 or 15(d)

Unsecured Term Loan (Tables)

v3.4.0.3
Unsecured Term Loan (Tables) - Unsecured Term Loan [Member]
 3 Months Ended
Mar. 31, 2016
Schedule Of Interest Rate On Outstanding Borrowings Payable



 

 



 

 

Operating Partnership's

 

Interest Rate -

Unsecured Debt Ratings:

 

Applicable Basis Points

Higher of S&P or Moody's

 

Above LIBOR

No ratings or less than BBB-/Baa3

 

 185.0 

BBB- or Baa3 (current interest rate based on Company's election)

 

 140.0 

BBB or Baa2

 

 115.0 

BBB+ or Baa1

 

 100.0 

A- or A3 or higher

 

 90.0 



Schedule Of Defined Leverage Ratio



 

 



 

 



 

Interest Rate -



 

Applicable Basis

Total Leverage Ratio

 

Points above LIBOR

<45%

 

 145 

≥45% and <50% (current ratio)

 

 155 

≥50% and <55%

 

 165 

≥55%

 

 195