Debt Commitments (Tables)

12 Months Ended

Dec. 31, 2024

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, 2024			Debt Outstanding
			Maturity Date	2024		2023
Unsecured revolving credit facility	5.36	%	September 28, 2027	$	—	—
Senior unsecured promissory notes payable, Series C	3.22	%	March 1, 2024	—		60.0
Senior unsecured promissory notes payable, Series D	2.66	%	May 15, 2025	75.0		75.0
Senior unsecured promissory notes payable, Series E	2.72	%	May 15, 2027	50.0		50.0
Senior unsecured promissory notes payable, Series G	2.13	%	June 24, 2026	25.0		25.0
Senior unsecured promissory notes payable, Series H	2.50	%	June 24, 2030	50.0		50.0
Total				200.0		260.0
Less: Current portion of debt				(75.0)		(60.0)
Long-term debt				$	125.0	200.0

Outstanding letters of credit under unsecured revolving credit facility - contingent obligation				$	31.2	32.7

Schedule of Maturities of Long-term Debt

Principal payments required on our outstanding indebtedness, based on the maturity dates defined within our long-term debt arrangements, for the succeeding five years, are displayed in the table below, as of December 31, 2024:


	Principal Payments
2025	$	75.0
2026	25.0
2027	50.0
2028	—
2029	—
2030 and thereafter	50.0
Total	$	200.0

- 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