Note 4 - Debt

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



(Dollars in Millions)	Sep 30, 2016		Dec 31, 2015
Senior Notes:
6.00% Senior Notes due May 15, 2017	$	359.6	$	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	$	751.3	$	750.6

There were no outstanding borrowings at either September 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 nine 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 nine 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 September 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 nine and three months ended September 30, 2016 and 2015 was:



	Nine Months Ended						Three Months Ended
(Dollars in Millions)	Sep 30, 2016			Sep 30, 2015			Sep 30, 2016			Sep 30, 2015
Notes Payable under Revolving Credit Agreement	$	0.6		$	0.6		$	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	16.7			16.7			5.6			5.6
4.35% Senior Notes due February 15, 2025	8.3			6.7			2.7			2.8
7.375% Subordinated Debentures due February 27, 2054	8.3			8.3			2.8			2.8
Interest Expense before Capitalization of Interest	33.9			36.0			11.3			11.4
Capitalization of Interest	(0.5		)	(0.6		)	(0.2		)	(0.1		)
Total Interest Expense	$	33.4		$	35.4		$	11.1		$	11.3

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



	Nine Months Ended				Three Months Ended
(Dollars in Millions)	Sep 30, 2016		Sep 30, 2015		Sep 30, 2016		Sep 30, 2015
Notes Payable under Revolving Credit Agreement	$	0.5	$	1.3	$	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	—		4.8		—		—
6.00% Senior Notes due May 15, 2017	10.8		10.8		—		—
4.35% Senior Notes due February 15, 2025	10.9		5.2		5.5		5.2
7.375% Subordinated Debentures due February 27, 2054	8.3		8.3		2.8		2.8
Total Interest Paid	$	30.5	$	30.4	$	8.5	$	8.2