Unsecured Revolving Credit Facility And Term Loans (Tables)
|
12 Months Ended |
Dec. 31, 2017 |
|---|
| Unsecured Revolving Credit Facility [Member] |
|
| Debt Instrument [Line Items] |
|
| Schedule Of Unsecured Credit Rating And Facility Fee |
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Partnership's
|
|
Interest Rate -
|
|
|
|
Unsecured Debt Ratings:
|
|
Applicable Basis Points
|
|
Facility Fee
|
|
Higher of S&P or Moody's
|
|
Above LIBOR
|
|
Basis Points
|
|
No ratings or less than BBB-/Baa3
|
|
170.0
|
|
35.0
|
|
BBB- or Baa3 (current since January 2017 amendment)
|
|
130.0
|
|
30.0
|
|
BBB or Baa2
|
|
110.0
|
|
20.0
|
|
BBB+ or Baa1
|
|
100.0
|
|
15.0
|
|
A- or A3 or higher
|
|
92.5
|
|
12.5
|
|
| 2017 Credit Facility [Member] |
|
| Debt Instrument [Line Items] |
|
| Schedule Of Interest Rates On Outstanding Borrowings, Alternate Base Rate Loans, And Facility Fee |
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest Rate -
|
|
|
|
|
|
|
|
Applicable Basis Points
|
|
|
|
Operating Partnership's
|
|
Interest Rate -
|
|
Above LIBOR for
|
|
|
|
Unsecured Debt Ratings:
|
|
Applicable Basis Points
|
|
Alternate Base Rate
|
|
Facility Fee
|
|
Higher of S&P or Moody's
|
|
Above LIBOR
|
|
Loans
|
|
Basis Points
|
|
No ratings or less than BBB-/Baa3
|
|
155.0
|
|
55.0
|
|
30.0
|
|
BBB- or Baa3 (current interest rate based on Company's election)
|
|
120.0
|
|
20.0
|
|
25.0
|
|
BBB or Baa2
|
|
100.0
|
|
0.0
|
|
20.0
|
|
BBB+ or Baa1
|
|
90.0
|
|
0.0
|
|
15.0
|
|
A- or A3 or higher
|
|
87.5
|
|
0.0
|
|
12.5
|
|
| Schedule Of Defined Leverage Ratio, Including Interest Rate, Alternate Base Rate Loans, And Facility Fee |
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest Rate -
|
|
|
|
|
|
|
|
Applicable Basis Points
|
|
|
|
|
|
Interest Rate -
|
|
Above LIBOR for
|
|
|
|
|
|
Applicable Basis
|
|
Alternate Base Rate
|
|
Facility Fee
|
|
Total Leverage Ratio
|
|
Points above LIBOR
|
|
Loans
|
|
Basis Points
|
|
<45%
|
|
125.0
|
|
25.0
|
|
20.0
|
|
≥45% and <50% (current ratio)
|
|
130.0
|
|
30.0
|
|
25.0
|
|
≥50% and <55%
|
|
135.0
|
|
35.0
|
|
30.0
|
|
≥55%
|
|
160.0
|
|
60.0
|
|
35.0
|
|
| Mack-Cali Realty LP [Member] | Unsecured Revolving Credit Facility [Member] |
|
| Debt Instrument [Line Items] |
|
| Schedule Of Unsecured Credit Rating And Facility Fee |
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Partnership's
|
|
Interest Rate -
|
|
|
|
Unsecured Debt Ratings:
|
|
Applicable Basis Points
|
|
Facility Fee
|
|
Higher of S&P or Moody's
|
|
Above LIBOR
|
|
Basis Points
|
|
No ratings or less than BBB-/Baa3
|
|
170.0
|
|
35.0
|
|
BBB- or Baa3 (current since January 2017 amendment)
|
|
130.0
|
|
30.0
|
|
BBB or Baa2
|
|
110.0
|
|
20.0
|
|
BBB+ or Baa1
|
|
100.0
|
|
15.0
|
|
A- or A3 or higher
|
|
92.5
|
|
12.5
|
|
| Mack-Cali Realty LP [Member] | 2017 Credit Facility [Member] |
|
| Debt Instrument [Line Items] |
|
| Schedule Of Interest Rates On Outstanding Borrowings, Alternate Base Rate Loans, And Facility Fee |
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest Rate -
|
|
|
|
|
|
|
|
Applicable Basis Points
|
|
|
|
Operating Partnership's
|
|
Interest Rate -
|
|
Above LIBOR for
|
|
|
|
Unsecured Debt Ratings:
|
|
Applicable Basis Points
|
|
Alternate Base Rate
|
|
Facility Fee
|
|
Higher of S&P or Moody's
|
|
Above LIBOR
|
|
Loans
|
|
Basis Points
|
|
No ratings or less than BBB-/Baa3
|
|
155.0
|
|
55.0
|
|
30.0
|
|
BBB- or Baa3 (current interest rate based on Company's election)
|
|
120.0
|
|
20.0
|
|
25.0
|
|
BBB or Baa2
|
|
100.0
|
|
0.0
|
|
20.0
|
|
BBB+ or Baa1
|
|
90.0
|
|
0.0
|
|
15.0
|
|
A- or A3 or higher
|
|
87.5
|
|
0.0
|
|
12.5
|
|
| Schedule Of Defined Leverage Ratio, Including Interest Rate, Alternate Base Rate Loans, And Facility Fee |
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest Rate -
|
|
|
|
|
|
|
|
Applicable Basis Points
|
|
|
|
|
|
Interest Rate -
|
|
Above LIBOR for
|
|
|
|
|
|
Applicable Basis
|
|
Alternate Base Rate
|
|
Facility Fee
|
|
Total Leverage Ratio
|
|
Points above LIBOR
|
|
Loans
|
|
Basis Points
|
|
<45%
|
|
125.0
|
|
25.0
|
|
20.0
|
|
≥45% and <50% (current ratio)
|
|
130.0
|
|
30.0
|
|
25.0
|
|
≥50% and <55%
|
|
135.0
|
|
35.0
|
|
30.0
|
|
≥55%
|
|
160.0
|
|
60.0
|
|
35.0
|
|
| 2016 Term Loan [Member] |
|
| 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%
|
|
145.0
|
|
≥45% and <50% (current ratio)
|
|
155.0
|
|
≥50% and <55%
|
|
165.0
|
|
≥55%
|
|
195.0
|
|
| 2016 Term Loan [Member] | Mack-Cali Realty LP [Member] |
|
| 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%
|
|
145.0
|
|
≥45% and <50% (current ratio)
|
|
155.0
|
|
≥50% and <55%
|
|
165.0
|
|
≥55%
|
|
195.0
|
|