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Q2 2018 Unsecured Bond Covenants
(1)
Requirement
Current Ratio
Total Debt to Total Asset Value
≤ 60%
26.8%
Secured Debt to Total Asset Value
≤ 40%
3.5%
Unencumbered Asset Value to Unsecured Debt
> 150%
405.4%
Interest Coverage Ratio
> 1.5x
5.3x
(1)
Computed in accordance with the First Supplemental Indenture filed November 24, 2014 with the SEC.
1