XML 25 R14.htm IDEA: XBRL DOCUMENT v3.5.0.2
Cash Flow Information
9 Months Ended
Sep. 30, 2016
Supplemental Cash Flow Elements [Abstract]  
Cash Flow Information
CASH FLOW INFORMATION

Cash paid for interest was $50.2 million (net of capitalized interest of $2.2 million) and $56.2 million (net of capitalized interest of less than $1.6 million) for the nine months ended September 30, 2016 and 2015, respectively.

In our statement of cash flows, we show cash flows on our revolving facility on a net basis. Aggregate borrowings on our 2013 Revolving Facility were $250.0 million and $290.0 million for the nine months ended September 30, 2016 and 2015, respectively. Aggregate paydowns were $200.0 million and $230.0 million for the nine months ended September 30, 2016 and 2015, respectively.

In connection with the sale of Gadsden Mall, New River Valley Mall and Wiregrass Commons, we issued a mortgage note to the buyer in the amount of $17.0 million. The mortgage loan is secured by Wiregrass Commons Mall, bears interest at the rate of 6.00% per annum and has a maturity date of April 2026.