Note 4 - Debt

The amortized cost of debt outstanding at June 30, 2016 and December 31, 2015 was:



(Dollars in Millions)	Jun 30, 2016		Dec 31, 2015
Senior Notes:
6.00% Senior Notes due May 15, 2017	$	359.4	$	359.1
4.35% Senior Notes due February 15, 2025	247.6		247.4
7.375% Subordinated Debentures due February 27, 2054	144.1		144.1
Total Debt Outstanding	$	751.1	$	750.6

There were no outstanding borrowings at either June 30, 2016 or December 31, 2015 under Kemper’s $225.0 million, unsecured, revolving credit agreement which expires June 2, 2020.

Kemper’s subsidiaries, Trinity Universal Insurance Company (“Trinity”) and United Insurance Company of America (“United Insurance”), are members of the Federal Home Loan Bank (“FHLB”) of Dallas and Chicago, respectively. During the first six months of 2016 and 2015, Trinity borrowed and repaid $10.0 million and $20.5 million, respectively, under its agreement with the FHLB of Dallas. During the first six months of 2015, United Insurance borrowed and repaid $21.0 million under its agreement with the FHLB of Chicago. There were no advances from the FHLB of Dallas or Chicago outstanding at either June 30, 2016 or December 31, 2015.

Note 4 - Debt (Continued)

Interest Expense, including facility fees, accretion of discount and amortization of issuance costs, for the six and three months ended June 30, 2016 and 2015 was:



	Six Months Ended						Three Months Ended
(Dollars in Millions)	Jun 30, 2016			Jun 30, 2015			Jun 30, 2016			Jun 30, 2015
Notes Payable under Revolving Credit Agreement	$	0.4		$	0.4		$	0.2		$	0.2
Federal Home Loan Bank of Dallas	—			—			—			—
Federal Home Loan Bank of Chicago	—			—			—			—
Senior Notes Payable:
6.00% Senior Notes due November 30, 2015	—			3.7			—			—
6.00% Senior Notes due May 15, 2017	11.1			11.1			5.5			5.5
4.35% Senior Notes due February 15, 2025	5.6			3.9			2.8			2.8
7.375% Subordinated Debentures due February 27, 2054	5.5			5.5			2.7			2.7
Interest Expense before Capitalization of Interest	22.6			24.6			11.2			11.2
Capitalization of Interest	(0.3		)	(0.5		)	(0.1		)	(0.3		)
Total Interest Expense	$	22.3		$	24.1		$	11.1		$	10.9

Interest paid, including facility fees, for the six and three months ended June 30, 2016 and 2015 was:



	Six Months Ended				Three Months Ended
(Dollars in Millions)	Jun 30, 2016		Jun 30, 2015		Jun 30, 2016		Jun 30, 2015
Notes Payable under Revolving Credit Agreement	$	0.3	$	1.1	$	0.2	$	0.9
Federal Home Loan Bank of Dallas	—		—		—		—
Federal Home Loan Bank of Chicago	—		—		—		—
Senior Notes Payable:
6.00% Senior Notes due November 30, 2015	—		4.8		—		—
6.00% Senior Notes due May 15, 2017	10.8		10.8		10.8		10.8
4.35% Senior Notes due February 15, 2025	5.4		—		—		—
7.375% Subordinated Debentures due February 27, 2054	5.5		5.5		2.7		2.7
Total Interest Paid	$	22.0	$	22.2	$	13.7	$	14.4