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Subsequent Events (Tables)
9 Months Ended
Sep. 30, 2013
Subsequent Events  
Schedule of comparison of the original terms to the amended terms of the Bank of America Unsecured Credit Facility and the Bank of America Unsecured Term Loan

 

 

 

Original Terms

 

 

 

 

 

 

 

Unsecured Credit Facility and

 

Amended Terms

 

Applicable Rates

 

Unsecured Term Loan

 

Unsecured Credit Facility

 

Unsecured Term Loan

 

Eurodollar Rate (1):

 

one month-LIBOR + 165.0 bps - 225.0 bps

 

one month-LIBOR + 145.0 bps - 205.0 bps

 

one month-LIBOR + 140.0 bps - 200.0 bps

 

Base Rate (1):

 

Base rate + 65.0 bps - 125.0 bps

 

Base rate + 45.0 bps - 105.0 bps

 

Base rate + 40.0 bps - 100.0 bps

 

Unused Fees:

 

<50%, 35.0 bps; > 50%, 25 bps

 

<50%, 25.0 bps; > 50%, 20 bps

 

 

 

(1)         The spread over the applicable rate is based on the Company’s consolidated leverage ratio.