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Debt (Tables) | 6 Months Ended
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Jun. 30, 2017
Debt Disclosure [Abstract] |
Long-term debt | The par value of our long-term debt obligations and their aggregate carrying values as of June 30, 2017 and December 31, 2016 were as follows.
(In millions) |  | June 30, 2017 |  | December 31, 2016
FHLB Advance |  | $ | 155.0 |  |  | $ | 155.0 |
5% Notes |  | — |  |  | 145.0 |
2% Notes |  | — |  |  | 207.6 |
5.75% Notes |  | 425.0 |  |  | 425.0 |
9% Debentures(1) |  | 256.9 |  |  | 256.9 |
Long-term debt, par value |  | 836.9 |  |  | 1,189.5 |
Debt issuance costs |  | (7.0 | ) |  | (10.8 | )
Long-term debt, carrying value |  | $ | 829.9 |  |  | $ | 1,178.7 |
(1) | Convertible at any time prior to maturity at the holder’s option, at an initial conversion rate, which is subject to adjustment, of 74.0741 shares per $1,000 principal amount, representing an initial conversion price of approximately $13.50 per share. If a holder elects to convert their debentures, deferred interest owed on the debentures being converted is also converted into shares of our common stock. The conversion rate for any deferred interest is based on the average price that our shares traded at during a 5-day period immediately prior to the election to convert. In lieu of issuing shares of common stock upon conversion of the debentures, we may, at our option, make a cash payment to converting holders for all or some of the shares of our common stock otherwise issuable upon conversion.
Interest payments made | Interest payments on our debt obligations appear below.
|  | Six Months Ended June 30,
(In millions) |  | 2017 |  | 2016
Revolving credit facility |  | $ | 0.5 |  |  | $ | — |
FHLB Advance |  | 1.5 |  |  | 0.9 |
5% Notes |  | 3.6 |  |  | 6.9 |
2% Notes |  | 2.1 |  |  | 5.0 |
5.75% Notes |  | 12.9 |  |  | — |
9% Debentures |  | 11.6 |  |  | 15.9 |
Total interest payments |  | $ | 32.2 |  |  | $ | 28.7 |

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