DEBT

The Company's debt is detailed below. EastGroup presents debt issuance costs as reductions of Secured debt, Unsecured debt and Unsecured bank credit facilities on the Consolidated Balance Sheets.



	September 30, 2017			December 31, 2016
	(In thousands)
Unsecured bank credit facilities - variable rate, carrying amount	$	137,374		112,020
Unsecured bank credit facilities - fixed rate, carrying amount ⁽¹⁾	80,000			80,000
Unamortized debt issuance costs	(731		)	(1,030	)
Unsecured bank credit facilities	216,643			190,990

Unsecured debt - fixed rate, carrying amount ⁽¹⁾	655,000			655,000
Unamortized debt issuance costs	(1,822		)	(2,162	)
Unsecured debt	653,178			652,838

Secured debt - fixed rate, carrying amount ⁽¹⁾	203,093			258,594
Unamortized debt issuance costs	(915		)	(1,089	)
Secured debt	202,178			257,505

Total debt	$	1,071,999		1,101,333


(1)	These loans have a fixed interest rate or an effectively fixed interest rate due to interest rate swaps.

Scheduled principal payments on long-term debt, including Secured debt and Unsecured debt (not including Unsecured bank credit facilities), as of September 30, 2017, are as follows:



Years Ending December 31,	(In thousands)
Remainder of 2017	$	2,736
2018	61,316
2019	130,569
2020	114,096
2021	129,563
2022 and beyond	419,813
Total	$	858,093

Properties encumbered by EastGroup's Secured debt were disclosed in the Company's Form 10-K for the year ended December 31, 2016. The following properties were encumbered by one of the Company's secured loans disclosed in the Form 10-K: Colorado Crossing, Interstate I-III, Rojas, Steele Creek 1 & 2, Stemmons Circle, Venture and World Houston 3-9. During the nine months ended September 30, 2017, the Company closed a collateral release for Stemmons Circle. Subsequent to the collateral release, the Company sold Stemmons Circle.