financing This achieved on Katie. with number this goals facility we Thank With our the January, until addressed of credit our you, important maturity a billion us. we've XXXX. maturities In closing, $X.XXX all of XXXX. date for of closed unsecured new July
We simplified have also our covenants.
a we of forward, covenants the Going set one notes. in consistent unsecured with manner calculated have
also outstanding to reduce loans have than loan to our eliminating we but large sized adequate right by million. of utilized of line our credit $XXX We a more unused a new closing, At capacity. providing $XXX facility, million still fee, -- total our term
lines at As closing, $XXX we million our cash flow anticipate and proceeds remaining leaving of credit of a time. million $XXX this reduce result, had to capacity. balance utilizing We over disposition outstanding borrowing excess on
midpoint property-level We properties release as long-term we after to a fund per of maintenance million make our provisions for $XX than release on financings. flow million well is year. redevelopment guidance, cash as to estimate unencumbered as loan Capex Using amortization new we more sufficient facility payments disposition $XXX loan and the a as This for term term common the under or amortization well dividends XXXX. have the of provision as in
We the will cash will in also and free continue complete to market, the transactions, serve supplement disposition to be we extent our active this to flow.
debt our forma covenants the NOI The by of will a the supported and loans stable ratio planning. of as from the centers of credit for of as as credit facility support forward. the in conversion Mall. line XX.X%. well increased to the facility in extinguished, community pro the will and new the pool well be including associated and healthy the January, transfer is provided unencumbered in a million stable to on sale related in also the malls, metrics the we Towne been number and have completed Center going secured pool secured with which balance underway term unencumbered Cary quarter. or The of that Acadiana has as The In completed first We our $XXX.X debt supplemental centers covenants reflected redevelopments debt
extinguishment on exclude gain to FFO. debt which record expect adjusted also We will transactions, of we related a to both from
Honey mature XXXX. maturing being soon. Creek in favorable We secured a We've and to have in been able Mall by with in resolution July. Two the anticipate discussion Volusia loans announce lender loans secured four
by we have center anticipate a our We refinancing. outlet that $X.X million loan of secured phase Atlanta
wrap We expect up XXXX begin maturities. financings and early on these focusing in to the year
We in was due have mortgage December. one additional This comes continues and secured extended previously that restructured to perform. and loan
make maturity. our plan a We decision our closer and options action to will evaluate on
property pro share total rata debt of X.Xx net XXXX. X.Xx million total was The million level NOI. was with was end, a Our $X.XX primarily year-end compared of due from quarter year-end increase a sequential year-end $XXX debt-to-EBITDA at reduction and approximately decline. XXXX, lower billion, At $XX to at
term to Cary per for Fourth XXXX. and loan with fourth share Acadiana this was share $X.XX improve However, representing year $X.XX adjusted FFO a well during decline per property-level a $X.XX, of compared share with amortization. quarter related the debt quarter per as and as in should the reduction
$X.XX retirement NOI-related, year, primarily For share was on with included $X.XX noncore $X.XX anchor from to bankruptcies. sales. sales variances share FFO included Other to expense, vacancies per from per dilution share the properties, primarily G&A, and per gains asset full compared share lower $X.XX other lower -- per share included outparcel higher XXXX. variances adjusted Major and and $X.XX in $X.XX retailer related per
Creek recognized to more. by are Creek is Eastland is in cross-collateralized properties, I these the During Honey and a and that Mall and since want impairments through secured we Volusia quarter, X nonrecourse matures both on spend Honey a cross-defaulted unique. circumstances loan with to minute July walk Mall.
As a the I mentioned, lender favorable of with we've been working towards maturity. resolution ahead
at our of the loan shortened. from projected impairment result Eastland changes whole closures, due stores. the that an period a been was analysis multiple Mall X losing NOI, the anchor anchor to property determine time. is the closures, eminent this with appropriate to as maturity, However, hit department has Coupled hardest the
capital We early value, are redevelopment options our would future while stages investment. exploring of create several in limiting that also
the the impairment necessitates However, cash flow to closures at impact this time. the cotenancy lost of anchor an on related projected rents and
rent rent reductions the bankruptcies For struggling costs. primarily as from quarter, decline pickup, to to year retailer third NOI same-center full driven by X.X%, sequential we decreased this same-center recorded in Expenses the a for fourth XXXX, improvement year-over-year X% improved effectively quarter decline was same-center a With retailers. we This NOI. certain lost related over worked NOI. and for manage
filed they for indicated, XX addressed $X.X the from in well up from close. totaling end As for store as Stephen stores. stores Charlotte our stores would the expectation rent, our for of of XXXX in rent bankruptcy remaining, of and and assumptions retailers. lost After expect our Russe store lower rent gross result roughly XX rent annual announced closures million stores will portfolio, million majority Remembered if loss renewals struggling a also which we in include their anchor liquidation $X.X annual of This XX Gymboree filed, as closures with week, be annual and The comprising will Things gross we'll $X.X gross have rent. million closures, liquidating. from
locations have gross $X annual with We approximately in XX rent. million
temporary leasing is and work team is specialty signed. for these generate working Our finding permanent already on will a our until replacement leasing replacement team income to locations,
reduced facility executive offset mortgage and the higher management XXXX. unused debt to expense focused as officer interest savings facility expense are XXXX effect flat credit financings, have total reductions taking to overhead We lower on We and decrease in and to also taken fee. by for rate a with up anticipate expense in is on slightly to the be interest steps compensation
reserve XXXX into store of reductions $X.XX We in top per the to our of an losses remarks. range which assumes year, as the list initial approach a decline includes with unbudgeted to over call share range rent the the a assumptions, full now capture After occur. line which and turn I'll the Consistent bankruptcies, million FFO adjusted EUR share, guidance year set of are in per and providing the guidance in of $X concluding to to last take X.XX%. X.XX% X.XX range for our our NOI and consideration that to that of closures, Stephen million reviewing above to are our $XX cotenancy other any reserve beyond impact watch may budgets. same-center
