National Storage Affiliates Trust Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

DEBT FINANCING (Tables)

DEBT FINANCING (Tables)

6 Months Ended

Jun. 30, 2017

The Company's outstanding debt as of June 30, 2017 and December 31, 2016 is summarized as follows (dollars in thousands):




	Interest Rate⁽¹⁾	June 30, 2017		December 31, 2016
Credit Facility:
Revolving line of credit	2.62%	$	181,000	$	246,500
Term loan A	2.60%	235,000		225,000
Term loan B	3.24%	155,000		100,000
Term loan C	3.71%	105,000		—
Term loan facility	3.08%	100,000		100,000
Fixed rate mortgages payable	4.15%	188,932		201,694
Total principal		964,932		873,194
Unamortized debt issuance costs and debt premium, net		4,208		5,760
Total debt		$	969,140	$	878,954


⁽¹⁾	^{Represents the effective interest rate as of}^{June 30, 2017}^{. Effective interest rate incorporates the stated rate plus the impact of interest rate cash flow hedges and discount and premium amortization, if applicable. For the revolving line of credit, the effective interest rate excludes fees for unused borrowings.}

Schedule of future debt maturities

Based on existing debt agreements in effect as of June 30, 2017, the scheduled principal and maturity payments for the Company's outstanding borrowings are presented in the table below (in thousands):



Year Ending December 31,	Scheduled Principal and Maturity Payments		Amortization of Premium and Unamortized Debt Issuance Costs			Total
Remainder of 2017	$	2,342	$	198		$	2,540
2018	10,617		293			10,910
2019	4,983		225			5,208
2020	220,245		(127		)	220,118
2021	242,509		(215		)	242,294
2022	159,205		68			159,273
Thereafter	325,031		3,766			328,797
	$	964,932	$	4,208		$	969,140