Notes Payable and Long-Term Debt:

At September 30, 2015 and December 31, 2014, notes payable and long-term debt consisted of the following (in millions):



	2015			2014
Revolving Credit Loans, (2.35% for 2015 and 2.37% for 2014)	$	130.4		$	169.8
Term Loans:
6.90%, payable through 2020	75.0			80.0
5.55%, payable through 2026	47.0			50.0
5.53%, payable through 2024	31.5			37.5
5.56%, payable through 2026	25.0			25.0
3.90%, payable through 2024	75.0			75.0
4.35%, payable through 2026	23.4			25.0
4.15%, payable through 2024, secured by Pearl Highlands Center (a)	92.3			93.6
LIBOR plus 1.5%, payable through 2021, secured by Kailua Town Center III (b)	11.0			11.2
LIBOR plus 2.66%, payable through 2016, secured by The Shops at Kukui'ula (c)	37.9			40.5
LIBOR plus 2.63%, payable through 2016, secured by Kahala Estate Properties (d)	8.2			35.2
5.39%, payable through 2015, secured by Waianae Mall	—			19.1
5.19%, payable through 2019	8.8			10.2
6.38%, payable through 2017, secured by Midstate Hayes	8.3			8.3
LIBOR plus 1.0%, payable through 2021, secured by asphalt terminal (e)	7.2			8.0
1.85%, payable through 2017	5.9			7.9
3.31%, payable through 2018	5.0			6.3
2.00%, payable through 2018	1.7			2.2
2.65%, payable through 2016	0.8			1.2
Total debt	594.4			706.0
Less debt (premium) discount	(0.2		)	(0.4		)
Total debt (contractual)	594.2			705.6
Less current portion	(47.7		)	(74.5		)
Add debt premium (discount)	0.2			0.4
Long-term debt	$	546.7		$	631.5


(a)	On December 1, 2014, the Company refinanced and increased the amount of the loan secured by Pearl Highlands Center.


(b)	Loan has a stated interest rate of LIBOR plus 1.5%, but is swapped through maturity to a 5.95% fixed rate.


(c)	Loan has an effective interest rate of 2.83% for 2015 and 2.82% for 2014.


(d)	Loan has an effective interest rate of 2.82% for 2015 and 2.78% for 2014.


(e)	Loan has a stated interest rate of LIBOR plus 1.0%, but is swapped through maturity to a 5.98% fixed rate.

The Company had a replenishing 3-year unsecured note purchase and private shelf agreement with Prudential Investment Management, Inc. and its affiliates (collectively, "Prudential"), which provided the Company with the ability to issue notes in an aggregate amount up to $300 million, as specified. The Company is in the process of renewing the Prudential shelf agreement.