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)

9 Months Ended

Sep. 30, 2016

The Company's outstanding debt as of September 30, 2016 and December 31, 2015 is summarized as follows (dollars in thousands):



	Interest	September 30,		December 31,
	Rate⁽¹⁾	2016		2015
Credit Facility:
Revolving line of credit	1.93%	$	85,500	$	187,975
Term loan A	2.61%	225,000		200,000
Term loan B	3.15%	100,000		—
Term loan facility	3.08%	100,000		—
Fixed rate mortgages payable	4.05%	206,087		176,911
Total principal		716,587		564,886
Unamortized debt issuance costs and debt premium, net		6,035		2,909
Total debt		$	722,622	$	567,795


⁽¹⁾	^{Represents the effective interest rate as of}^{September 30, 2016}^{. 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 September 30, 2016, the scheduled principal and maturity payments for outstanding borrowings under the Company's credit facility and fixed rate mortgages are presented in the table below (in thousands):



Year Ending December 31,	Scheduled Principal and Maturity Payments		Premium Amortization and Unamortized Debt Issuance Costs			Total
Remainder of 2016	$	2,001	$	249		$	2,250
2017	17,495		611			18,106
2018	10,617		514			11,131
2019	4,983		446			5,429
2020	124,745		94			124,839
2021	232,509		(5		)	232,504
Thereafter	324,237		4,126			328,363
	$	716,587	$	6,035		$	722,622