Quarterly report pursuant to Section 13 or 15(d)

Unsecured Term Loan (Tables)

v3.5.0.2
Unsecured Term Loan (Tables) - Unsecured Term Loan [Member]
6 Months Ended
Jun. 30, 2016
Debt Instrument [Line Items]  
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