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Net Debt Level

06/30/2017YE 2016
Revolving Credit Facility - 308
Term Loans1,3401,340
Unsecured Notes250250
Secured Mortgages1,2721,468
Total Principal Debt2,8623,366
Fair Value Debt Adjustments1013
Debt Issuance Costs(11)(15)
Total Consolidated Debt2,8613,364
Unconsolidated Debt626416
Fair Value Debt Adjustments78
Debt Issuance Costs(3)(2)
Total Debt3,4913,786
Less Cash and cash equivalents9067
Net Debt3,4013,719

*Excludes two properties identified for lender transactions (Southern Hills Mall and Valle Vista Mall).
*Net Debt is a non-GAAP financial measure
*Dollars in millions