DEBT AND OTHER OBLIGATIONS (Tables)

6 Months Ended

Jun. 30, 2015

DEBT AND OTHER OBLIGATIONS

Summary of debt and subordinated debt securities

	Successor		Predecessor
	Company		Company
	As of		As of
	June 30, 2015		December 31, 2014
	(Dollars In Thousands)		(Dollars In Thousands)
Debt (year of issue):
Revolving Line of Credit	$	545,000	$	450,000
6.40% Senior Notes (2007), due 2018	165,625		150,000
7.375% Senior Notes (2009), due 2019	482,183		400,000
8.45% Senior Notes (2009), due 2039	469,931		300,000
	$	1,662,739	$	1,300,000
Subordinated debt securities (year of issue):
6.125% Subordinated Debentures (2004), due 2034, callable 2009	$	—	$	103,093
6.25% Subordinated Debentures (2012), due 2042, callable 2017	298,659		287,500
6.00% Subordinated Debentures (2012), due 2042, callable 2017	153,765		150,000
	$	452,424	$	540,593

Non-recourse funding obligations outstanding

				Year-to-Date
			Maturity	Weighted-Avg
Issuer	Balance		Year	Interest Rate
	(Dollars In Thousands)
Golden Gate II Captive Insurance Company	$	118,274	2052	1.32	%
Golden Gate V Vermont Captive Insurance Company(1)	535,474		2037	5.12	%
MONY Life Insurance Company(1)	2,551		2024	6.19	%
Total	$	656,299

(1) Fixed rate obligations

Schedule of collateral pledged for repurchase agreements

Repurchase Agreements, Securities Lending Transactions, and Repurchase-to-Maturity Transactions

Accounted for as Secured Borrowings

	Remaining Contractual Maturity of the Agreements
	As of June 30, 2015 (Successor Company)
	(Dollars In Thousands)
	Overnight and						Greater Than
	Continuous		Up to 30 days		30-90 days		90 days		Total
Repurchase agreements and repurchase-to-maturity transactions
U.S. Treasury and agency securities	$	98,345	$	—	$	—	$	—	$	98,345
State and municipal securities	—		—		—		—		—
Other asset-backed securities	—		—		—		—		—
Corporate securities	—		107,781		—		—		107,781
Equity securities	—		—		—		—		—
Non-U.S. sovereign debt	—		—		—		—		—
Mortgage loans	451,246		—		—		—		451,246
Other asset-backed securities	—		—		—		—		—
Total borrowings	$	549,591	$	107,781	$	—	$	—	$	657,372