SUBSEQUENT EVENTS (Notes)

6 Months Ended

Jun. 30, 2020

Subsequent Event [Line Items]

Subsequent Events [Text Block]

(21)

SUBSEQUENT EVENTS

On July 14, 2020, the Company and a group of lenders agreed to terms on the private placement of $175 million of senior unsecured notes. The $100 million note has a 10-year term and a fixed interest rate of 2.61%, and the $75 million note has a 12-year term and a fixed interest rate of 2.71%. The notes, which require interest-only payments, are expected to close during the fourth quarter of 2020. The notes will not be and have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.

Subsequent to June 30, 2020, the Company issued and sold 14,149 shares of common stock under its continuous common equity offering program, providing gross proceeds to the Company of $1,729,000.