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Notes Payable and Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2013
Debt Disclosure [Abstract]  
Notes Payable and Long-Term Debt
At December 31, 2013 and 2012, notes payable and long-term debt consisted of the following (in millions):
 
2013
 
2012
Revolving Credit loans, (2.53% for 2013 and 2.07% for 2012)
$
112.1

 
$
5.0

Term Loans:
 
 
 
6.90%, payable through 2020
85.0

 
90.0

5.55%, payable through 2026
50.0

 
50.0

5.53%, payable through 2024
37.5

 
37.5

5.56%, payable through 2026
25.0

 
25.0

3.90%, payable through 2024
75.0

 
—

4.35%, payable through 2026
25.0

 
—

6.20%, payable through 2013, secured by Deere Valley Center
—

 
10.1

6.38%, payable through 2017, secured by Midstate 99 Distribution Ctr.
8.3

 
8.3

5.50%, payable through 2014, secured by Little Cottonwood Center
6.1

 
6.3

5.88%, payable through 2014, secured by Midstate 99 Distribution Ctr.
3.2

 
3.3

5.39%, payable through 2015, secured by Waianae Mall
19.9

 
—

5.89%, payable through 2016, secured by Pearl Highlands Center
61.8

 
—

2.08%, payable through 2021, secured by Kailua Town Center III (a)
11.3

 
—

2.84%, payable through 2016, secured by Kukui'ula Village (b)
44.0

 
—

2.80%, payable through 2016, secured by Kahala Estate Properties (c)
42.0

 
—

3.05%, payable through 2014, secured by Maui Mall (d)
60.0

 
—

3.31%, payable through 2018
8.0

 
—

2.00%, payable through 2018
2.9

 
—

2.65%, payable through 2016
1.8

 
—

5.00%, payable through 2014
0.3

 
—

5.19%, payable through 2019
11.9

 
—

1.17%, payable through 2021, secured by asphalt plant (e)
8.9

 
—

1.85%, payable through 2017
10.7

 
—

Total debt
710.7

 
235.5

Less debt (premium) discount
(1.8
)
 
—

Total debt (contractual)
708.9

 
235.5

Less current portion
(105.2
)
 
(15.5
)
Add debt premium (discount)
1.8

 
—

Long-term debt
$
605.5

 
$
220.0

(a)
Loan has a stated interest rate of LIBOR plus 1.5%, but is swapped through maturity to a 5.95% fixed rate.
(b)
Loan has a stated interest rate of LIBOR plus 2.66%.
(c)
Loan has a stated interest rate of LIBOR plus 2.63%.
(d)
Loan has a stated interest rate of LIBOR plus 3.00%. The loan was used as temporary financing for the acquisition of the Kailua Portfolio in December 2013. The loan was paid off with reverse 1031 proceeds from Maui Mall on January 6, 2014.
(e)
Loan has a stated interest rate of LIBOR plus 1.0%, but is swapped through maturity to a 5.98% fixed rate