Voya 2014 Annual Report Download - page 368

Voya Financial, Inc.
Notes to the Consolidated Financial Statements
(Dollar amounts in millions, unless otherwise stated)
The following table outlines the Company’s credit facilities, their dates of expiration, capacity and utilization as
of December 31, 2014:
Secured/
Unsecured
Committed/
Uncommitted Expiration Capacity Utilization
Unused
Commitment
Obligor / Applicant
Voya Financial, Inc.(1) .......... Unsecured Committed 2/14/2018 $3,000.0 $1,466.7 $1,533.3
Security Life of Denver
International Limited ........ Unsecured Committed 1/24/2018 150.0 150.0 —
Voya Financial, Inc./ Langhorne I,
LLC ...................... Unsecured Committed 1/15/2019 500.0 — 500.0
Voya Financial, Inc. / Security
Life of Denver International
Limited ................... Unsecured Committed 11/9/2015 750.0 750.0 —
Security Life of Denver
International Limited(1) ....... Unsecured Committed 10/29/2021 1,125.0 1,125.0 —
Voya Financial, Inc. / Security
Life of Denver International
Limited ................... Unsecured Committed 12/29/2023 250.0 250.0 —
Voya Financial, Inc. / Security
Life of Denver International
Limited ................... Unsecured Committed 12/31/2025 475.0 475.0 —
Voya Financial, Inc. ........... Unsecured Uncommitted Various 1.7 1.7 —
Voya Financial, Inc. ........... Secured Uncommitted Various 10.0 0.7 —
Voya Financial, Inc. / Roaring
River II, LLC ............... Unsecured Committed 12/31/2021 995.0 693.0 302.0
Voya Financial, Inc. / Roaring
River IV, LLC .............. Unsecured Committed 12/31/2028 565.0 312.0 253.0
Total ........................... $7,821.7 $5,224.1 $2,588.3
Secured facilities .................. $ 10.0 $ 0.7 $ —
Unsecured and uncommitted ......... 1.7 1.7 —
Unsecured and committed ........... 7,810.0 5,221.7 2,588.3
Total ........................... $7,821.7 $5,224.1 $2,588.3
ING Bank ....................... $1,275.0 $1,198.3 $ 76.7
(1) Refer to the Related Party Transactions Note to these Consolidated Financial Statements for additional
information.
Effective January 1, 2014, the reinsurance agreements with Whisperingwind III, LLC (“Whisperingwind III”)
were novated to Roaring River IV, LLC (“Roaring River IV”), a wholly owned reinsurance subsidiary of the
Company, which completed a transaction with a third-party bank to provide up to $565.0 of statutory reserve
financing through a trust note which matures December 31, 2028. The trust note replaces $330.0 of letters of
credit associated with the Whisperingwind III reinsurance agreements which were cancelled in January of 2014.
Effective January 15, 2014, Langhorne I, LLC (“Langhorne I”), a wholly owned captive reinsurance subsidiary
of the Company, completed a financing arrangement with a third-party trust to provide up to $500.0 of trust note
collateral funding. The financing arrangement is designed to manage reserve and capital requirements in
connection with the stable value business and matures on January 15, 2019.
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