Quarterly report pursuant to Section 13 or 15(d)

Unsecured Revolving Credit Facility And Term Loans (Tables)

v3.20.2
Unsecured Revolving Credit Facility And Term Loans (Tables)
9 Months Ended
Sep. 30, 2020
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 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

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

2017 Term Loan [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

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