Debt Commitments (Tables)

9 Months Ended

Sep. 30, 2020

Schedule of Debt Obligations and Letters of Credit Outstanding

Debt obligations and letters of credit outstanding at the end of each period consisted of the following:


	Average Interest Rate at September 30, 2020				Debt Outstanding
				Maturity Date			September 30, 2020		December 31, 2019
Unsecured revolving credit facility	1.10	%	November 30, 2023		$	—		210.0
Senior unsecured promissory notes payable, Series A	2.00	%	July 20, 2021		40.0			40.0
Senior unsecured promissory notes payable, Series B	2.45	%	July 20, 2022		35.0			35.0
Senior unsecured promissory notes payable, Series C	3.22	%	March 1, 2024		60.0			60.0
Senior unsecured promissory notes payable, Series D	2.66	%	May 15, 2025		75.0			—
Senior unsecured promissory notes payable, Series E	2.72	%	May 15, 2027		50.0			—
Senior unsecured promissory notes payable, Series F	1.69	%	June 24, 2023		70.0			—
Senior unsecured promissory notes payable, Series G	2.13	%	June 24, 2026		25.0			—
Senior unsecured promissory notes payable, Series H	2.50	%	June 24, 2030		50.0			—
Total					405.0			345.0
Less: Current portion of debt					(40.0)			(3.0)
Long-term debt					$	365.0		342.0

Outstanding letters of credit under unsecured revolving credit facility - contingent obligation					$	36.3		36.3

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details