| Change In The Operating Partnership's Unsecured Debt Ratings |
|
Operating Partnership's |
Interest Rate – |
|
|
Unsecured Debt Ratings: |
Applicable Basis Points |
Facility Fee |
|
Higher of S&P or Moody's |
Above LIBOR |
Basis Points |
|
No ratings or less than BBB-/Baa3 |
185.0 |
45.0 |
|
BBB- or Baa3 |
150.0 |
35.0 |
|
BBB or Baa2(current) |
125.0 |
25.0 |
|
BBB+or Baa1 |
107.5 |
20.0 |
|
A-or A3 or higher |
100.0 |
17.5 | |