Financing Activity (Tables)

3 Months Ended

Mar. 31, 2022

Schedule Of Credit Facility Interest Expense and Deferred Financing Fee Amortization

Interest expense and deferred financing fee amortization related to the Credit Agreements and the Restructured Credit Agreements for the three months ended March 31, 2022 and 2021 were as follows:


	Three Months Ended March 31,
(in thousands of dollars)	2022		2021
Revolving Facilities:
Interest expense (1)	$	541	$	548
Deferred financing amortization		299		299
Term Loans:
Interest expense (2)		20,448		20,421
Deferred financing amortization		1,784		1,780

(1)

All of the expense applied to the First Lien Revolving Facility.

(2)

All of the expense applied to the Term Loans, of which $12.5 million and $11.5 million, for March 31, 2022 and March 31, 2021, respectively, was for the Second Lien term Loan Facility and was not paid in cash, but capitalized to the principal balance of the loan.

Carrying and Fair Values of Mortgage Loans

The estimated fair values of our consolidated mortgage loans based on year-end interest rates and market conditions at March 31, 2022 and December 31, 2021 were as follows:


	March 31, 2022				December 31, 2021
(in millions of dollars)	Carrying Value		Fair Value		Carrying Value		Fair Value
Mortgage loans(1)	$	846.5	$	832.7	$	852.5	$	846.6

(1) The carrying value of mortgage loans includes unamortized debt issuance costs of $1.5 million and $1.2 million as of March 31, 2022 and December 31, 2021, respectively.