| Schedule of Debt |
The debt of the Operating Partnership consisted of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of |
|
As of |
|
|
|
|
|
|
September 30, 2015 |
|
December 31, 2014 |
|
|
Stated Interest Rate(s) |
|
Maturity Date |
|
Principal |
|
Premium
(Discount)
|
|
Principal |
|
Premium
(Discount)
|
Senior, unsecured notes: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Senior notes |
|
6.125 |
% |
|
June 2020 |
|
|
$ |
300,000 |
|
|
$ |
(1,123 |
) |
|
$ |
300,000 |
|
|
$ |
(1,276 |
) |
Senior notes |
|
3.875 |
% |
|
December 2023 |
|
|
250,000 |
|
|
(3,468 |
) |
|
250,000 |
|
|
(3,732 |
) |
Senior notes |
|
3.750 |
% |
|
December 2024 |
|
|
250,000 |
|
|
(1,328 |
) |
|
250,000 |
|
|
(1,418 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Mortgages payable: |
|
|
|
|
|
|
|
|
|
|
|
|
Atlantic City (1)
|
|
5.14%-7.65% |
|
|
November 2021- December 2026 |
|
|
43,998 |
|
|
3,393 |
|
|
45,997 |
|
|
3,694 |
|
Deer Park |
|
LIBOR + 1.50% |
|
|
August 2018 |
|
|
150,000 |
|
|
(924 |
) |
|
150,000 |
|
|
(1,161 |
) |
Foxwoods |
|
LIBOR + 1.65% |
|
|
December 2017 |
|
|
70,250 |
|
|
— |
|
|
25,235 |
|
|
— |
|
Hershey (1)
|
|
5.17%-8.00% |
|
|
— |
|
|
— |
|
|
— |
|
|
29,271 |
|
|
399 |
|
Ocean City (1)
|
|
5.24 |
% |
|
— |
|
|
— |
|
|
— |
|
|
17,827 |
|
|
99 |
|
Southaven |
|
LIBOR + 1.75% |
|
|
April 2018 |
|
|
15,248 |
|
|
— |
|
|
— |
|
|
— |
|
Note payable (1)
|
|
1.50 |
% |
|
June 2016 |
|
|
10,000 |
|
|
(122 |
) |
|
10,000 |
|
|
(241 |
) |
Unsecured term loan |
|
LIBOR + 1.05% |
|
|
February 2019 |
|
|
250,000 |
|
|
— |
|
|
250,000 |
|
|
— |
|
Unsecured term note |
|
LIBOR + 1.30% |
|
|
August 2017 |
|
|
7,500 |
|
|
— |
|
|
7,500 |
|
|
— |
|
Unsecured lines of credit |
|
LIBOR + 1.00% |
|
|
October 2017 |
|
|
195,800 |
|
|
— |
|
|
111,000 |
|
|
— |
|
|
|
|
|
|
|
$ |
1,542,796 |
|
|
$ |
(3,572 |
) |
|
$ |
1,446,830 |
|
|
$ |
(3,636 |
) |
|
|
(1) |
The effective interest rates assigned during the purchase price allocation to these assumed mortgages and note payable during acquisitions in 2011 were as follows: Atlantic City 5.05%, Hershey 3.40%, Ocean City 4.68%, and note payable 3.15%.
|
|
| Schedule of Maturities of Long-term Debt |
Maturities of the existing long-term debt as of September 30, 2015 are as follows (in thousands):
|
|
|
|
|
|
Calendar Year |
|
Amount |
|
2015 |
|
$ |
686 |
|
2016 |
|
12,842 |
|
2017 |
|
276,558 |
|
2018 |
|
168,432 |
|
2019 |
|
253,369 |
|
Thereafter |
|
830,909 |
|
Subtotal |
|
1,542,796 |
|
Net discount |
|
(3,572 |
) |
Total |
|
$ |
1,539,224 |
|
|