Indebtedness

12 Months Ended

Dec. 31, 2019

Indebtedness consisted of the following as of December 31, 2019 (the difference between the face value and the carrying value is unamortized discount and debt issuance costs):



				Carrying Value
(In thousands)	Interest Rate	Face Value		2019		2018
Senior notes due on:
August 15, 2019	6.15%	$	—	$	—	$	140,568
September 15, 2019	7.375%	—		—		299,816
September 15, 2020	5.375%	300,000		299,756		299,420
January 1, 2022	8.7%	76,503		76,343		76,273
March 15, 2022	4.625%	350,000		349,088		348,670
February 15, 2037	6.25%	250,000		248,116		248,006
August 1, 2044	4.75%	350,000		345,467		345,283
Subsidiary debt (1) (2)	Various	108,804		108,805		123,992
Total senior notes and other debt		$	1,435,307	$	1,427,575	$	1,882,028
Subordinated debentures due on:
April 30, 2053	5.625%	$	350,000	$	341,356	$	341,097
March 1, 2056	5.9%	110,000		106,262		106,159
June 1, 2056	5.75%	290,000		281,777		281,551
March 30, 2058	5.70%	185,000		178,845		178,684
December 30, 2059	5.1%	300,000		290,464		—
Total subordinated debentures		$	1,235,000	$	1,198,704	$	907,491

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(1) Subsidiary debt is due as follows: $6 million in 2020, $1 million in 2021, and $102 million in 2028.

(2) Includes non-recourse loan in the amount of $102 million secured by an office building. See Note 8, Real Estate, for more details.