Indebtedness (Tables)

9 Months Ended

Sep. 30, 2023

Unsecured senior notes consist of the following:


Unsecured Senior Notes	September 30, 2023		December 31, 2022
$850 face value, 5.500% interest rate payable semi-annually, due August 2028	$	850	$	850
$650 face value, 5.125% interest rate payable semi-annually, due December 2030	650		650
$600 face value, 6.000% interest rate payable semi-annually, due January 2027	600		600
$600 face value, 5.750% interest rate payable semi-annually, due November 2031	600		600
$550 face value, 5.000% interest rate payable semi-annually, due February 2026(1)	500		—
Unsecured senior notes principal amount	3,200		2,700
Purchase discount(1) and unamortized debt issuance costs	(53)		(27)
Unsecured senior notes, net	$	3,147	$	2,673

(1)In connection with the Home Point transaction in the third quarter of 2023, the Company assumed an unsecured senior note with a principal balance of $500 and recorded a purchase discount of $32 on the acquisition date, of which $2 has been accreted in the nine months ended September 30, 2023. See Note 2, Acquisitions, for further details.

Schedule of maturities of long-term debt

As of September 30, 2023, the expected maturities of the Company’s unsecured senior notes based on contractual maturities are as follows:


Year Ending December 31,	Amount
2023 through 2025	$	—
2026	500
2027	600
Thereafter	2,100
Total unsecured senior notes principal amount	$	3,200