Unsecured Revolving Credit Facility And Term Loans (Tables)
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3 Months Ended |
Mar. 31, 2021 |
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| 2017 Credit Facility [Member] |
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| Debt Instrument [Line Items] |
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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 |
Total Leverage Ratio |
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Above LIBOR |
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Rate Loans |
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Basis Points |
<45% |
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125.0 |
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25.0 |
|
20.0 |
≥45% and <50% |
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130.0 |
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30.0 |
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25.0 |
≥50% and <55% (current ratio) |
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135.0 |
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35.0 |
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30.0 |
≥55% |
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160.0 |
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60.0 |
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35.0 |
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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 |
Higher of S&P or Moody's |
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Above LIBOR |
|
Rate Loans |
|
Basis Points |
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 |
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 |
BBB or Baa2 |
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100.0 |
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0.0 |
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20.0 |
BBB+ or Baa1 |
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90.0 |
|
0.0 |
|
15.0 |
A- or A3 or higher |
|
87.5 |
|
0.0 |
|
12.5 |
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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: |
|
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 |
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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 |
BBB or Baa2 |
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110.0 |
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20.0 |
BBB+ or Baa1 |
|
100.0 |
|
15.0 |
A- or A3 or higher |
|
92.5 |
|
12.5 |
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| Mack-Cali Realty LP [Member] | 2017 Credit Facility [Member] |
|
| Debt Instrument [Line Items] |
|
| Schedule Of Defined Leverage Ratio, Including Interest Rate, Alternate Base Rate Loans, And Facility Fee |
|
|
|
|
|
|
|
|
|
|
|
Interest Rate - |
|
|
|
|
|
|
Applicable |
|
|
|
|
Interest Rate - |
|
Basis Points |
|
|
|
|
Applicable |
|
Above LIBOR for |
|
|
|
|
Basis Points |
|
Alternate Base |
|
Facility Fee |
Total Leverage Ratio |
|
Above LIBOR |
|
Rate Loans |
|
Basis Points |
<45% |
|
125.0 |
|
25.0 |
|
20.0 |
≥45% and <50% |
|
130.0 |
|
30.0 |
|
25.0 |
≥50% and <55% (current ratio) |
|
135.0 |
|
35.0 |
|
30.0 |
≥55% |
|
160.0 |
|
60.0 |
|
35.0 |
|
| Schedule Of Interest Rates On Outstanding Borrowings, Alternate Base Rate Loans, And Facility Fee |
|
|
|
|
|
|
|
|
|
|
|
Interest Rate - |
|
|
|
|
|
|
Applicable |
|
|
|
|
Interest Rate - |
|
Basis Points |
|
|
Operating Partnership's |
|
Applicable |
|
Above LIBOR for |
|
|
Unsecured Debt Ratings: |
|
Basis Points |
|
Alternate Base |
|
Facility Fee |
Higher of S&P or Moody's |
|
Above LIBOR |
|
Rate Loans |
|
Basis Points |
No ratings or less than BBB-/Baa3 |
|
155.0 |
|
55.0 |
|
30.0 |
BBB- or Baa3 (interest rate based on Company's election through March 5, 2018) |
|
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 |
|
| 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 (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 Term Loan [Member] |
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| Debt Instrument [Line Items] |
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| Schedule Of Defined Leverage Ratio |
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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% |
|
155.0 |
|
55.0 |
≥50% and <55% (current ratio) |
|
165.0 |
|
65.0 |
≥55% |
|
195.0 |
|
95.0 |
|
| 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 |
|
90.0 |
|
0.0 |
|
| 2017 Term Loan [Member] | Mack-Cali Realty LP [Member] |
|
| Debt Instrument [Line Items] |
|
| Schedule Of Defined Leverage Ratio |
|
|
|
|
|
|
|
|
|
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% |
|
155.0 |
|
55.0 |
≥50% and <55% (current ratio) |
|
165.0 |
|
65.0 |
≥55% |
|
195.0 |
|
95.0 |
|
| 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 |
|
90.0 |
|
0.0 |
|
| 2016 Term Loan [Member] |
|
| Debt Instrument [Line Items] |
|
| Schedule Of Defined Leverage Ratio |
|
|
|
|
|
Interest Rate - |
|
|
Applicable Basis |
Total Leverage Ratio |
|
Points above LIBOR |
<45% |
|
145.0 |
≥45% and <50% |
|
155.0 |
≥50% and <55% (current ratio) |
|
165.0 |
≥55% |
|
195.0 |
|
| 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 |
|
| 2016 Term Loan [Member] | Mack-Cali Realty LP [Member] |
|
| Debt Instrument [Line Items] |
|
| Schedule Of Defined Leverage Ratio |
|
|
|
|
|
Interest Rate - |
|
|
Applicable Basis |
Total Leverage Ratio |
|
Points above LIBOR |
<45% |
|
145.0 |
≥45% and <50% |
|
155.0 |
≥50% and <55% (current ratio) |
|
165.0 |
≥55% |
|
195.0 |
|
| 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 |
|