XML 71 R54.htm IDEA: XBRL DOCUMENT v3.22.0.1
Debt and Financing Arrangements - (Tables)
12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Schedule of senior notes
The Company’s senior notes payable at December 31, 2021 and 2020 were as follows:
Carrying Amount at
InterestPrincipal
December 31,
(Fixed)Amount20212020
2034 notes (1)7.350 %300,000 297,488 297,367 
2043 notes (2)5.144 %500,000 495,063 494,944 
2026 notes (3)4.011 %500,000 497,633 497,211 
2046 notes (4)5.031 %450,000 445,490 445,402 
2050 notes (5)3.635 %1,000,000 988,720 988,500 
Somers notes (6)137,689 
$2,750,000 $2,724,394 $2,861,113 
(1) Senior notes of Arch Capital issued on May 4, 2004 and due May 1, 2034 (“2034 notes”).
(2) Senior notes of Arch-U.S., a wholly-owned subsidiary of Arch Capital, issued on December 13, 2013 and due November 1, 2043 (“2043 notes”), fully and unconditionally guaranteed by Arch Capital.
(3) Senior notes of Arch Capital Finance LLC (“Arch Finance”), a wholly-owned finance subsidiary of Arch Capital, issued on December 8, 2016 and due December 15, 2026 (“2026 notes”), fully and unconditionally guaranteed by Arch Capital.
(4) Senior notes of Arch Finance issued on December 8, 2016 and due December 15, 2046 (“2046 notes”), fully and unconditionally guaranteed by Arch Capital
(5) Senior notes of Arch Capital issued on June 30, 2020 and due June 30, 2050 (“2050 notes”).
(6) Senior notes of Somers issued on July 2, 2019 and due July 2, 2029 (“Somers Senior Notes”), reflecting the elimination of amounts owned by Arch-U.S. Effective July 1, 2021, the Company no longer consolidates Somers in its financials. See note 12.
Schedule of outstanding revolving credit agreement borrowings
The Company’s outstanding revolving credit agreement borrowings were as follows:
Year Ended December 31,
20212020
Arch Capital$— $— 
Somers155,687 
Total
$— $155,687