Debt (Tables)

3 Months Ended

Mar. 31, 2020

The following table presents White Mountains’s debt outstanding as of March 31, 2020 and December 31, 2019:



Millions	March 31, 2020			Effective Rate ⁽¹⁾	December 31, 2019			Effective Rate ⁽¹⁾
NSM Bank Facility	$	220.7		6.8%	$	221.3		7.5%
Unamortized issuance cost	(3.6		)		(3.9		)
NSM Bank Facility, carrying value	217.1				217.4
Other NSM debt	1.3			2.2%	1.8			3.0%
Kudu Bank Facility	69.0			9.1%	57.0			8.3%
Unamortized issuance cost	(3.3		)		(3.4		)
Kudu Bank Facility, carrying value	65.7				53.6
Other Operations debt	11.0			8.2%	11.1			8.3%
Unamortized issuance cost	(.4		)		(.4		)
Other Operations, carrying value	10.6				10.7
Total debt	$	294.7			$	283.5

⁽¹⁾Effective rate considers the effect of the debt issuance costs.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details