Quarterly report pursuant to Section 13 or 15(d)

Note Payable (Notes)

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Note Payable (Notes)
9 Months Ended
Sep. 30, 2015
Note Payable [Abstract]  
Notes Payable
NOTES PAYABLE

We repaid the remaining $150.0 million of our 5.35% unsecured notes on their maturity date of May 1, 2015 using borrowings on Prior Credit Facility No. 2.

On September 15, 2015, we entered into a $150.0 million unsecured term loan by executing a portion of the accordion feature under the New Credit Facility. The term loan has a 5.5 year maturity and an interest rate of LIBOR plus 110 basis points, based on our current unsecured debt ratings.