Indebtedness |
Indebtedness Indebtedness consisted of the following as of December 31, 2023 (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 | | 2023 | | 2022 | Senior notes and other debt due on: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | February 15, 2037 | 6.250% | | $ | 250,000 | | | $ | 248,556 | | | $ | 248,446 | | August 1, 2044 | 4.750% | | 350,000 | | | 346,205 | | | 346,020 | | May 12, 2050 | 4.000% | | 470,000 | | | 489,964 | | | 490,721 | | March 30, 2052 | 3.550% | | 400,000 | | | 394,411 | | | 394,213 | | September 30, 2061 | 3.150% | | 350,000 | | | 343,129 | | | 342,945 | | | | | | | | | | Subsidiary debt and other (1) | Various | | 5,686 | | | 5,686 | | | 6,478 | | Total senior notes and other debt | | | $ | 1,825,686 | | | $ | 1,827,951 | | | $ | 1,828,823 | | Subordinated debentures due on: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | March 30, 2058 | 5.700% | | $ | 185,000 | | | $ | 179,489 | | | $ | 179,328 | | December 30, 2059 | 5.100% | | 300,000 | | | 291,418 | | | 291,179 | | September 30, 2060 | 4.250% | | 250,000 | | | 244,668 | | | 244,523 | | March 30, 2061 | 4.125% | | 300,000 | | | 293,515 | | | 293,341 | | Total subordinated debentures | | | $ | 1,035,000 | | | $ | 1,009,090 | | | $ | 1,008,371 | |
________________ (1) Subsidiary debt of $6 million is due in 2024, partially offset by the unamortized cost of $0.6 million due to entering into the $300 million senior unsecured revolving credit facility.
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