National Storage Affiliates Trust Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

DEBT FINANCING (Tables)

DEBT FINANCING (Tables)

12 Months Ended

Dec. 31, 2015

The Company's outstanding debt as of December 31, 2015 and 2014 is summarized as follows (dollars in thousands):



	Interest	December 31,
	Rate ⁽¹⁾	2015		2014
Credit Facility:
Revolving line of credit	2.03%	$	187,975	$	166,217
Term loan	2.75%	200,000		144,558
Unsecured term loan	—	—		50,000
Fixed rate mortgages payable	3.93%	182,637		153,416
Variable rate mortgages payable	—	—		83,500
Total		$	570,612	$	597,691


⁽¹⁾	^{Represents the effective interest rate as of}^{December 31, 2015}^{. 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 December 31, 2015, the future maturities of outstanding borrowings under the Company's credit facility and fixed rate mortgages are presented in the table below (in thousands):



Year Ending December 31,	Contractual Principal		Premium Amortization		Total
2016	$	14,130	$	1,697	$	15,827
2017	204,129		1,100		205,229
2018	209,192		985		210,177
2019	3,468		917		4,385
2020	37,635		564		38,199
After 2021	96,332		463		96,795
	$	564,886	$	5,726	$	570,612