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SEC Filings

10-Q
FOREST CITY REALTY TRUST, INC. filed this Form 10-Q on 10/30/2018
Entire Document
 

Item 3. Quantitative and Qualitative Disclosures About Market Risk (continued)
September 30, 2018
 
Expected Maturity Date
 
 
 
 
 
Year Ending December 31,
 
 
 
 
Long-Term Debt
2018
 
2019
 
2020
 
2021
 
2022
 
Period
Thereafter
Net Unamortized Procurement Costs
Total
Outstanding
 
Fair Market
Value
 
(dollars in thousands)
 
 
Fixed:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed-rate debt
$
7,513

 
$
124,239

 
$
132,265

 
$
170,940

 
$
208,477

 
$
1,377,611

$
(11,366
)
$
2,009,679

 
$
1,944,667

Weighted average interest rate
4.78
%
 
4.15
%
 
5.18
%
 
4.68
%
 
4.82
%
 
4.06
%
 
4.27
%
 
 
Convertible senior debt (1) 

 

 
32,037

 

 

 

(235
)
31,802

 
34,976

Weighted average interest rate
%
 
%
 
3.63
%
 
%
 
%
 
%
 
3.63
%
 
 
Total Fixed-Rate Debt
7,513

 
124,239

 
164,302

 
170,940

 
208,477

 
1,377,611

(11,601
)
2,041,481

 
1,979,643

Variable:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Variable-rate debt
90,311

 
192,855

 
90,010

 
24,429

 
201

 
23,197

(5,348
)
415,655

 
416,710

Weighted average interest rate (2)
4.74
%
 
4.04
%
 
4.60
%
 
4.65
%
 
4.37
%
 
4.08
%
 
4.35
%
 
 
Tax-exempt

 
8,500

 

 

 

 
752,974

(12,799
)
748,675

 
746,966

Weighted average interest rate (2) 

 
4.63
%
 

 

 

 
2.47
%
 
2.50
%
 
 
Revolving credit facility (1) 

 

 

 

 

 

 

 

Weighted average interest rate (2)
%
 
%
 
%
 
%
 
%
 
%
 
%
 
 
Term loan (1) 

 

 

 
335,000

 

 

(1,033
)
333,967

 
333,977

Weighted average interest rate (2)
%
 
%
 
%
 
3.45
%
 
%
 
%
 
3.45
%
 
 
Total Variable-Rate Debt
90,311

 
201,355

 
90,010

 
359,429

 
201

 
776,171

(19,180
)
1,498,297

 
1,497,653

Total Long-Term Debt
$
97,824

 
$
325,594

 
$
254,312

 
$
530,369

 
$
208,678

 
$
2,153,782

$
(30,781
)
$
3,539,778

 
$
3,477,296

Weighted average interest rate
4.74
%
 
4.10
%
 
4.78
%
 
3.91
%
 
4.82
%
 
3.51
%
 
3.82
%
 
 
(1)
Represents recourse debt.
(2)
Weighted average interest rate is based on current market rates as of September 30, 2018.



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