Quarterly report pursuant to Section 13 or 15(d)

Senior Unsecured Notes

v3.8.0.1
Senior Unsecured Notes
 9 Months Ended
Sep. 30, 2017
Debt Disclosure [Line Items]  
Senior Unsecured Notes

7.    SENIOR UNSECURED NOTES



A summary of the Company’s senior unsecured notes as of September 30, 2017 and December 31, 2016 is as follows:  (dollars in thousands)





 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 



 

 

September 30,

 

 

December 31,

 

Effective

 



 

 

2017

 

 

2016

 

Rate (1)

 

2.500% Senior Unsecured Notes, due  December 15, 2017

 

$

 250,000 

 

$

 250,000 

 

 2.803 

%

4.500% Senior Unsecured Notes, due April 18, 2022

 

 

 300,000 

 

 

 300,000 

 

 4.612 

%

3.150% Senior Unsecured Notes, due May 15, 2023

 

 

 275,000 

 

 

 275,000 

 

 3.517 

%

Principal balance outstanding

 

 

 825,000 

 

 

 825,000 

 

 

 

Adjustment for unamortized debt discount

 

 

 (3,708)

 

 

 (4,430)

 

 

 

Unamortized deferred financing costs

 

 

 (2,528)

 

 

 (3,215)

 

 

 



 

 

 

 

 

 

 

 

 

Total senior unsecured notes, net

 

$

 818,764 

 

$

 817,355 

 

 

 



(1)

Includes the cost of terminated treasury lock agreements (if any), offering and other transaction costs and the discount/premium on the notes, as applicable.



The terms of the Company’s senior unsecured notes include certain restrictions and covenants which require compliance with financial ratios relating to the maximum amount of debt leverage, the maximum amount of secured indebtedness, the minimum amount of debt service coverage and the maximum amount of unsecured debt as a percent of unsecured assets.  The Company was in compliance with its debt covenants under the indenture relating to its senior unsecured notes as of September 30, 2017.

Mack-Cali Realty LP [Member]  
Debt Disclosure [Line Items]  
Senior Unsecured Notes

7.    SENIOR UNSECURED NOTES



A summary of the Company’s senior unsecured notes as of September 30, 2017 and December 31, 2016 is as follows:  (dollars in thousands)





 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 



 

 

September 30,

 

 

December 31,

 

Effective

 



 

 

2017

 

 

2016

 

Rate (1)

 

2.500% Senior Unsecured Notes, due  December 15, 2017

 

$

 250,000 

 

$

 250,000 

 

 2.803 

%

4.500% Senior Unsecured Notes, due April 18, 2022

 

 

 300,000 

 

 

 300,000 

 

 4.612 

%

3.150% Senior Unsecured Notes, due May 15, 2023

 

 

 275,000 

 

 

 275,000 

 

 3.517 

%

Principal balance outstanding

 

 

 825,000 

 

 

 825,000 

 

 

 

Adjustment for unamortized debt discount

 

 

 (3,708)

 

 

 (4,430)

 

 

 

Unamortized deferred financing costs

 

 

 (2,528)

 

 

 (3,215)

 

 

 



 

 

 

 

 

 

 

 

 

Total senior unsecured notes, net

 

$

 818,764 

 

$

 817,355 

 

 

 



(1)

Includes the cost of terminated treasury lock agreements (if any), offering and other transaction costs and the discount/premium on the notes, as applicable.



The terms of the Company’s senior unsecured notes include certain restrictions and covenants which require compliance with financial ratios relating to the maximum amount of debt leverage, the maximum amount of secured indebtedness, the minimum amount of debt service coverage and the maximum amount of unsecured debt as a percent of unsecured assets.  The Company was in compliance with its debt covenants under the indenture relating to its senior unsecured notes as of September 30, 2017.