DEBT AND OTHER OBLIGATIONS (Tables)

9 Months Ended

Sep. 30, 2015

DEBT AND OTHER OBLIGATIONS

Summary of debt and subordinated debt securities

	Successor		Predecessor
	Company		Company
	As of		As of
	September 30, 2015		December 31, 2014
	(Dollars In Thousands)		(Dollars In Thousands)
Debt (year of issue):
Revolving Line of Credit	$	495,000	$	450,000
6.40% Senior Notes (2007), due 2018	164,152		150,000
7.375% Senior Notes (2009), due 2019	477,669		400,000
8.45% Senior Notes (2009), due 2039	468,975		300,000
	$	1,605,796	$	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	297,253		287,500
6.00% Subordinated Debentures (2012), due 2042, callable 2017	153,350		150,000
	$	450,603	$	540,593

Non-recourse funding obligations outstanding

				Year-to-Date
			Maturity	Weighted-Avg
Issuer	Carrying Value(1)		Year	Interest Rate
	(Dollars In Thousands)
Golden Gate II Captive Insurance Company	$	118,377	2052	1.30	%
Golden Gate V Vermont Captive Insurance Company(2)	550,079		2037	5.12	%
MONY Life Insurance Company(2)	2,538		2024	6.19	%
Total	$	670,994

(1) Carrying values include premiums and discounts and do not represent unpaid principal balances.

(2) Fixed rate obligations

Schedule of collateral pledged for repurchase agreements

	Remaining Contractual Maturity of the Agreements
	As of September 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	$	124,489	$	20,257	$	15,029	$	—	$	159,775
State and municipal securities	—		—		—		—		—
Other asset-backed securities	—		—		—		—		—
Corporate securities	—		—		—		—		—
Equity securities	—		—		—		—		—
Non-U.S. sovereign debt	—		—		—		—		—
Mortgage loans	340,767		—		—		—		340,767
Other asset-backed securities	—		—		—		—		—
Total borrowings	$	465,256	$	20,257	$	15,029	$	—	$	500,542