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Borrowings and Debt
 6 Months Ended
Jun. 30, 2019
Debt Disclosure [Abstract]  
Borrowings and Debt e Company’s borrowings and long-term debt was comprised of the following as of the dates indicated (in millions):
 
June 30, 2019
 
December 31, 2018
 
Carrying value(1)
 
Fair Value
 
Fair Value Level
 
Carrying value(1)
 
Fair Value
 
Fair Value Level
$350 million revolving credit facility expiring October 15, 2019 (2)
$
210.0

 
$
210.0

 
2
 
$
—

 
$
—

 
2
Non-recourse seed capital facility expiring July 17, 2020 (2)
$
25.0

 
$
25.0

 
2
 
$
—

 
$
—

 
 
Long-term bonds:
 
 
 
 
 
 
 
 
 
 
 
$275 million 4.80% Senior Notes Due July 27, 2026
$
272.3

 
$
278.3

 
2
 
$
272.2

 
$
266.0

 
2000000
$125 million 5.125% Senior Notes Due August 1, 2031
$
121.2

 
$
123.0

 
2
 
$
121.1

 
$
102.3

 
2000000
Total borrowings and long-term debt
$
628.5

 
$
636.3

 
 
 
$
393.3

 
$
368.3

 
 
 
 
(1)
The difference between the principal amounts and the carrying values of the senior notes in the table above reflects the unamortized debt issuance costs and discounts.
(2)
Fair value approximates carrying value because the credit facilities have variable interest rates based on selected short term market rates.