Debt Commitments (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of Debt Obligations and Letters of Credit Outstanding

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


	Average Interest Rate at December 31, 2020			Debt Outstanding
			Maturity Date	2020		2019
Unsecured revolving credit facility	1.09	%	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

Schedule of Maturities of Long-term Debt

Principal payments required on our outstanding indebtedness, based on the maturity dates defined within our debt arrangements, for the succeeding five years, are displayed in the table below, as of December 31, 2020:


	Principal Payments
2021	$	40.0
2022	35.0
2023	70.0
2024	60.0
2025	75.0
2026 and thereafter	125.0
Total	$	405.0

- 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