Unsecured Revolving Credit Facility And Term Loans (Tables)
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6 Months Ended |
Jun. 30, 2018 |
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| Unsecured Revolving Credit Facility [Member] |
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| Debt Instrument [Line Items] |
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| Schedule Of Unsecured Credit Rating And Facility Fee |
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Operating Partnership's
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Interest Rate -
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Unsecured Debt Ratings:
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Applicable Basis Points
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Facility Fee
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Higher of S&P or Moody's
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Above LIBOR
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Basis Points
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No ratings or less than BBB-/Baa3
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170.0
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35.0
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BBB- or Baa3 (since January 2017 amendment)
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130.0
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30.0
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BBB or Baa2
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110.0
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20.0
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BBB+ or Baa1
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100.0
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15.0
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A- or A3 or higher
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92.5
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12.5
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| 2017 Credit Facility [Member] |
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| Debt Instrument [Line Items] |
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| Schedule Of Interest Rates On Outstanding Borrowings, Alternate Base Rate Loans, And Facility Fee |
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Interest Rate -
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Applicable
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Interest Rate -
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Basis Points
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Operating Partnership's
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Applicable
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Above LIBOR for
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Unsecured Debt Ratings:
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Basis Points
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Alternate Base
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Facility Fee
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Higher of S&P or Moody's
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Above LIBOR
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Rate Loans
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Basis Points
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No ratings or less than BBB-/Baa3
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155.0
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55.0
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30.0
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BBB- or Baa3 (interest rate based on Company's election through March 5, 2018)
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120.0
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20.0
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25.0
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BBB or Baa2
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100.0
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0.0
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20.0
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BBB+ or Baa1
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90.0
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0.0
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15.0
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A- or A3 or higher
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87.5
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0.0
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12.5
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| Schedule Of Defined Leverage Ratio, Including Interest Rate, Alternate Base Rate Loans, And Facility Fee |
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Interest Rate -
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Applicable
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Interest Rate -
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Basis Points
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Applicable
|
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Above LIBOR for
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Basis Points
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Alternate Base
|
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Facility Fee
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Total Leverage Ratio
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Above LIBOR
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Rate Loans
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Basis Points
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<45%
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125.0
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25.0
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20.0
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≥45% and <50% (current ratio)
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130.0
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30.0
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25.0
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≥50% and <55%
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135.0
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35.0
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30.0
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≥55%
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160.0
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60.0
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35.0
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| Mack-Cali Realty LP [Member] | Unsecured Revolving Credit Facility [Member] |
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| Debt Instrument [Line Items] |
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| Schedule Of Unsecured Credit Rating And Facility Fee |
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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
|
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170.0
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35.0
|
|
BBB- or Baa3 (since January 2017 amendment)
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130.0
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30.0
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BBB or Baa2
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110.0
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20.0
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BBB+ or Baa1
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100.0
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15.0
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A- or A3 or higher
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92.5
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12.5
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| Mack-Cali Realty LP [Member] | 2017 Credit Facility [Member] |
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| Debt Instrument [Line Items] |
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| Schedule Of Interest Rates On Outstanding Borrowings, Alternate Base Rate Loans, And Facility Fee |
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Interest Rate -
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Applicable
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Interest Rate -
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Basis Points
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|
|
Operating Partnership's
|
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Applicable
|
|
Above LIBOR for
|
|
|
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Unsecured Debt Ratings:
|
|
Basis Points
|
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Alternate Base
|
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Facility Fee
|
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Higher of S&P or Moody's
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Above LIBOR
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Rate Loans
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Basis Points
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No ratings or less than BBB-/Baa3
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155.0
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55.0
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30.0
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BBB- or Baa3 (interest rate based on Company's election through March 5, 2018)
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120.0
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20.0
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25.0
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BBB or Baa2
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100.0
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0.0
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20.0
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BBB+ or Baa1
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90.0
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0.0
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15.0
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A- or A3 or higher
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87.5
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0.0
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12.5
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| Schedule Of Defined Leverage Ratio, Including Interest Rate, Alternate Base Rate Loans, And Facility Fee |
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Interest Rate -
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Applicable
|
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Interest Rate -
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|
Basis Points
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|
|
|
|
|
Applicable
|
|
Above LIBOR for
|
|
|
|
|
|
Basis Points
|
|
Alternate Base
|
|
Facility Fee
|
|
Total Leverage Ratio
|
|
Above LIBOR
|
|
Rate Loans
|
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Basis Points
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<45%
|
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125.0
|
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25.0
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20.0
|
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≥45% and <50% (current ratio)
|
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130.0
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30.0
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25.0
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≥50% and <55%
|
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135.0
|
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35.0
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30.0
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≥55%
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160.0
|
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60.0
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35.0
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| 2017 Term Loan [Member] |
|
| Debt Instrument [Line Items] |
|
| Schedule Of Interest Rate On Outstanding Borrowings Payable |
|
|
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|
|
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|
|
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|
|
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|
Interest Rate -
|
|
|
|
|
|
Applicable
|
|
|
|
Interest Rate -
|
|
Basis Points
|
|
Operating Partnership's
|
|
Applicable
|
|
Above LIBOR for
|
|
Unsecured Debt Ratings:
|
|
Basis Points
|
|
Alternate Base Rate
|
|
Higher of S&P or Moody's
|
|
Above LIBOR
|
|
Loans
|
|
No ratings or less than BBB-/Baa3
|
|
185.0
|
|
85.0
|
|
BBB- or Baa3 (interest rate based on Company's election through March 5, 2018)
|
|
140.0
|
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40.0
|
|
BBB or Baa2
|
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115.0
|
|
15.0
|
|
BBB+ or Baa1
|
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100.0
|
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0.0
|
|
A- or A3 or higher
|
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90.0
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0.0
|
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| Schedule Of Defined Leverage Ratio |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest Rate -
|
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|
|
|
|
Applicable
|
|
|
|
Interest Rate -
|
|
Basis Points
|
|
|
|
Applicable
|
|
Above LIBOR for
|
|
|
|
Basis Points
|
|
Alternate Base Rate
|
|
Total Leverage Ratio
|
|
above LIBOR
|
|
Loans
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<45%
|
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145.0
|
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45.0
|
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≥45% and <50% (current ratio)
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155.0
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55.0
|
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≥50% and <55%
|
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165.0
|
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65.0
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≥55%
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195.0
|
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95.0
|
|
| 2017 Term Loan [Member] | Mack-Cali Realty LP [Member] |
|
| Debt Instrument [Line Items] |
|
| Schedule Of Interest Rate On Outstanding Borrowings Payable |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest Rate -
|
|
|
|
|
|
Applicable
|
|
|
|
Interest Rate -
|
|
Basis Points
|
|
Operating Partnership's
|
|
Applicable
|
|
Above LIBOR for
|
|
Unsecured Debt Ratings:
|
|
Basis Points
|
|
Alternate Base Rate
|
|
Higher of S&P or Moody's
|
|
Above LIBOR
|
|
Loans
|
|
No ratings or less than BBB-/Baa3
|
|
185.0
|
|
85.0
|
|
BBB- or Baa3 (interest rate based on Company's election through March 5, 2018)
|
|
140.0
|
|
40.0
|
|
BBB or Baa2
|
|
115.0
|
|
15.0
|
|
BBB+ or Baa1
|
|
100.0
|
|
0.0
|
|
A- or A3 or higher
|
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90.0
|
|
0.0
|
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| Schedule Of Defined Leverage Ratio |
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|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
Interest Rate -
|
|
|
|
|
|
Applicable
|
|
|
|
Interest Rate -
|
|
Basis Points
|
|
|
|
Applicable
|
|
Above LIBOR for
|
|
|
|
Basis Points
|
|
Alternate Base Rate
|
|
Total Leverage Ratio
|
|
above LIBOR
|
|
Loans
|
|
<45%
|
|
145.0
|
|
45.0
|
|
≥45% and <50% (current ratio)
|
|
155.0
|
|
55.0
|
|
≥50% and <55%
|
|
165.0
|
|
65.0
|
|
≥55%
|
|
195.0
|
|
95.0
|
|
| 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 (interest rate based on Company's election through March 5, 2018)
|
|
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
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Points above LIBOR
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<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 (interest rate based on Company's election through March 5, 2018)
|
|
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
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Points above LIBOR
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<45%
|
|
145.0
|
|
≥45% and <50% (current ratio)
|
|
155.0
|
|
≥50% and <55%
|
|
165.0
|
|
≥55%
|
|
195.0
|
|