XML 98 R81.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Debt (Narrative) (Details) - USD ($)
$ in Millions
3 Months Ended 8 Months Ended 12 Months Ended
Apr. 01, 2019
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Dec. 23, 2019
Jun. 15, 2018
May 18, 2018
May 11, 2018
May 12, 2017
Aug. 14, 2013
Debt Instrument                        
Interest expense on debt       $ 17.6 $ 9.5 $ 2.3            
Repayments of debt, principal       22.9 15.4 365.0            
Debt   $ 283.5 $ 192.7 283.5 192.7              
Draw down of debt and revolving line of credit       206.4 84.1 376.0            
Interest paid       16.3 8.8 1.4            
WTM Bank Facility                        
Debt Instrument                        
Total commitment under revolving credit facility                       $ 425.0
Interest expense on debt       0.3 0.6              
NSM Holding Co LLC                        
Debt Instrument                        
Debt instrument at face value                   $ 100.0    
Debt   219.2 178.5 219.2 178.5              
NSM Holding Co LLC | NSM Bank Facility                        
Debt Instrument                        
Total commitment under revolving credit facility                   234.0    
Kudu | Kudu Debt                        
Debt Instrument                        
Total commitment under revolving credit facility             $ 125.0          
MediaAlpha                        
Debt Instrument                        
Debt   0.0 14.2 0.0 14.2              
MediaAlpha | MediaAlpha Bank Facility                        
Debt Instrument                        
Total commitment under revolving credit facility                     $ 20.0  
Interest expense on debt         1.2 1.0            
Debt instrument at face value   0.0 14.3 0.0 14.3              
Debt   $ 0.0 $ 14.2 $ 0.0 $ 14.2              
Effective yield (as a percent)   7.10% 7.10%              
Draw down of debt and revolving line of credit         $ 3.0 20.0            
MediaAlpha | Previous MediaAlpha Bank Facility                        
Debt Instrument                        
Total commitment under revolving credit facility     $ 20.0   20.0              
Repayments of debt, principal           12.9            
Term Loan | Other Operations                        
Debt Instrument                        
Debt instrument at face value     11.3   11.3              
Term Loan | NSM Holding Co LLC | NSM Bank Facility                        
Debt Instrument                        
Total commitment under revolving credit facility                   224.0    
Debt instrument at face value   $ 221.3 180.4 $ 221.3 180.4       $ 51.0      
Repayments of debt, principal     0.8 2.0                
Proceeds from borrowings       42.9                
Debt   $ 217.4 $ 176.6 $ 217.4 $ 176.6              
Effective yield (as a percent)   7.50% 7.40% 7.50% 7.40%              
Term Loan | NSM Holding Co LLC | Other NSM                        
Debt Instrument                        
Debt instrument at face value   $ 1.8   $ 1.8                
Debt   $ 1.8 $ 1.9 $ 1.8 $ 1.9              
Effective yield (as a percent)   3.00% 2.20% 3.00% 2.20%              
Term Loan | Kudu | Kudu Debt                        
Debt Instrument                        
Total commitment under revolving credit facility             57.0          
Debt instrument at face value   $ 57.0   $ 57.0                
Term Loan | MediaAlpha | MediaAlpha Bank Facility                        
Debt Instrument                        
Total commitment under revolving credit facility     $ 18.4   $ 18.4              
Debt instrument at face value     14.3   14.3              
Repayments of debt, principal         3.6 2.1            
Delayed Draw Term Loans | Other Operations                        
Debt Instrument                        
Debt instrument at face value     3.0   3.0              
Delayed Draw Term Loans | Kudu | Kudu Debt                        
Debt Instrument                        
Total commitment under revolving credit facility             63.0          
Revolving Credit Facility | Other Operations                        
Debt Instrument                        
Debt instrument at face value     2.0   2.0              
Revolving Credit Facility | NSM Holding Co LLC | NSM Bank Facility                        
Debt Instrument                        
Total commitment under revolving credit facility                   $ 10.0    
Repayments of debt, principal     2.0 6.5                
Proceeds from borrowings       $ 6.5                
Revolving Credit Facility | Kudu | Kudu Debt                        
Debt Instrument                        
Total commitment under revolving credit facility             5.0          
Current borrowing capacity             $ 57.0          
Revolving Credit Facility | MediaAlpha | MediaAlpha Bank Facility                        
Debt Instrument                        
Amount outstanding     $ 10.0   10.0              
Repayments of debt, principal         9.0              
Draw down of debt and revolving line of credit           6.0            
London Interbank Offered Rate (LIBOR) | Term Loan | Minimum | NSM Holding Co LLC | NSM Bank Facility                        
Debt Instrument                        
Basis spread on variable rate   4.25% 4.25%                  
London Interbank Offered Rate (LIBOR) | Term Loan | Maximum | NSM Holding Co LLC | NSM Bank Facility                        
Debt Instrument                        
Basis spread on variable rate   4.75% 4.75%                  
London Interbank Offered Rate (LIBOR) | Line of Credit | Kudu | Kudu Debt                        
Debt Instrument                        
Basis spread on variable rate       1.00%                
London Interbank Offered Rate (LIBOR) | Line of Credit | Minimum | Kudu | Kudu Debt                        
Debt Instrument                        
Basis spread on variable rate   5.50%                    
London Interbank Offered Rate (LIBOR) | Line of Credit | Maximum | Kudu | Kudu Debt                        
Debt Instrument                        
Basis spread on variable rate   6.25%                    
Prime Rate | Term Loan | Minimum | NSM Holding Co LLC | NSM Bank Facility                        
Debt Instrument                        
Basis spread on variable rate   3.25% 3.25%                  
Prime Rate | Term Loan | Maximum | NSM Holding Co LLC | NSM Bank Facility                        
Debt Instrument                        
Basis spread on variable rate   3.75% 3.75%                  
Prime Rate | Line of Credit | Minimum | Kudu | Kudu Debt                        
Debt Instrument                        
Basis spread on variable rate   4.50%                    
Prime Rate | Line of Credit | Maximum | Kudu | Kudu Debt                        
Debt Instrument                        
Basis spread on variable rate   5.25%                    
Interest Rate Swap | NSM Holding Co LLC                        
Debt Instrument                        
Fixed interest rate   2.97%   2.97%                
Variable interest rate   1.71%   1.71%                
Interest Rate Swap | Term Loan | NSM Holding Co LLC | NSM Bank Facility                        
Debt Instrument                        
Total commitment under revolving credit facility               $ 151.0        
Hedged liability, fair value hedge               $ 151.0        
Fixed interest rate   2.97%   2.97%                
Debt   $ 148.7   $ 148.7                
Debt, weighted average interest rate   7.06%   7.06%                
Embrace Pet Insurance | NSM Holding Co LLC                        
Debt Instrument                        
Proceeds from borrowings $ 20.4                      
Embrace Pet Insurance | Term Loan | NSM Holding Co LLC | NSM Bank Facility                        
Debt Instrument                        
Proceeds from borrowings       $ 20.4                
NSM Holding Co LLC                        
Debt Instrument                        
Interest expense on debt       16.7 $ 8.0 $ 0.0            
Designated as Hedging Instrument | Interest Rate Swap | Term Loan | NSM Holding Co LLC | NSM Bank Facility                        
Debt Instrument                        
Debt   $ 148.7   $ 148.7                
Debt, weighted average interest rate   7.47%   7.47%                
Not Designated as Hedging Instrument | Interest Rate Swap | Term Loan | NSM Holding Co LLC | NSM Bank Facility                        
Debt Instrument                        
Debt   $ 72.6   $ 72.6                
Effective yield (as a percent)   6.21%   6.21%                
Renewal Rights | Term Loan | NSM Holding Co LLC | NSM Bank Facility                        
Debt Instrument                        
Proceeds from borrowings       $ 22.5