Debt (Tables)

3 Months Ended

Mar. 31, 2020

ProAssurance’s outstanding debt consisted of the following:



(In thousands)	March 31, 2020		December 31, 2019
Senior Notes due 2023, unsecured, interest at 5.3% annually	$	250,000	$	250,000
Mortgage Loans, outstanding borrowings are secured by first priority liens on two office buildings, and bear an interest rate of three-month LIBOR plus 1.325% (2.14% and 3.21%, respectively) determined on a quarterly basis.	37,240		37,617
Total principal	287,240		287,617
Less unamortized debt issuance costs	1,696		1,796
Debt less unamortized debt issuance costs	$	285,544	$	285,821

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details