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Debt (Tables) | 6 Months Ended
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Jun. 30, 2020
Debt Instrument |
Schedule of debt outstanding | The following table presents White Mountains’s debt outstanding as of June 30, 2020 and December 31, 2019:
Millions |  | June 30, 2020 |  | Effective Rate (1) |  | December 31, 2019 |  | Effective Rate (1)
NSM Bank Facility |  | $ | 273.4 |  |  | 7.2% |  | $ | 221.3 |  |  | 7.5%
Unamortized issuance cost |  | (6.4 | ) |  |  |  | (3.9 | ) |  |
NSM Bank Facility, carrying value |  | 267.0 |  |  |  |  | 217.4 |  |  |
Other NSM debt, carrying value |  | 1.4 |  |  | 3.2% |  | 1.8 |  |  | 3.0%
Kudu Bank Facility |  | 74.0 |  |  | 8.1% |  | 57.0 |  |  | 8.3%
Unamortized issuance cost |  | (3.2 | ) |  |  |  | (3.4 | ) |  |
Kudu Bank Facility, carrying value |  | 70.8 |  |  |  |  | 53.6 |  |  |
Other Operations debt |  | 10.9 |  |  | 9.3% |  | 11.1 |  |  | 8.3%
Unamortized issuance cost |  | (.3 | ) |  |  |  | (.4 | ) |  |
Other Operations, carrying value |  | 10.6 |  |  |  |  | 10.7 |  |  |
Total debt |  | $ | 349.8 |  |  |  |  | $ | 283.5 |  |  |
(1) Effective rate considers the effect of the debt issuance costs.
Term Loan |
Debt Instrument |
Schedule of debt outstanding | The following table presents the change in debt under the NSM Bank Facility for the three and six months ended June 30, 2020 and 2019:
NSM Bank Facility |  | Three Months Ended |  | Six Months Ended
|  | June 30, |  | June 30,
Millions |  | 2020 |  | 2019 |  | 2020 |  | 2019
Beginning balance |  | $ | 220.7 |  |  | $ | 186.4 |  |  | $ | 221.3 |  |  | $ | 180.4 |
Term loans |  |  |  |  |  |  |  |
Borrowings (1) |  | 52.4 |  |  | 42.9 |  |  | 52.4 |  |  | 42.9 |
Repayments |  | — |  |  | (.5 | ) |  | (.6 | ) |  | (1.0 | )
Foreign currency translation |  | .3 |  |  | — |  |  | .3 |  |  | — |
Revolving credit loan |  |  |  |  |  |  |  |
Borrowings |  | — |  |  | — |  |  | — |  |  | 6.5 |
Repayments |  | — |  |  | (6.5 | ) |  | — |  |  | (6.5 | )
Ending balance |  | 273.4 |  |  | 222.3 |  |  | 273.4 |  |  | 222.3 |
(1) Borrowings for both the three and six months ended June 30, 2020 included $52.4 for the funding of the acquisition of Kingsbridge. Borrowings for the three and six months ended June 30, 2019, included $20.4 and $22.5 for the funding of the acquisitions of Embrace and the Renewal Rights.

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