Debt (Tables)

12 Months Ended

Dec. 31, 2021

The following represents the Company’s debt obligations as of December 31, 2021 and 2020:

Secured Debt Facilities, Revolving Credit Facilities, Term Loan and Bonds Payable	2021					2020
	Outstanding		Average Interest			Outstanding		Average Interest			Final Maturity
TL Revolving Credit Facility	$	1,059,950		1.60	%	$	1,433,919		1.65	%	September 2023
TL 2019 Term Loan		137,513		3.50	%		148,131		3.50	%	December 2026
TL 2021-1 Term loan		65,131		2.65	%		—		0.00	%	February 2028
TL 2021-2 Term Loan		204,712		2.90	%		—		0.00	%	October 2028
TMCL II Secured Debt Facility (1)		1,067,886		1.75	%		646,551		1.91	%	November 2028
TMCL VI Term Loan		—		0.00	%		223,630		4.29	%		—
TMCL VII 2019-1 Bonds		—		0.00	%		300,305		4.02	%		—
TMCL VII 2020-1 Bonds		384,611		3.07	%		429,600		3.07	%	August 2045
TMCL VII 2020-2 Bonds		530,565		2.26	%		587,183		2.26	%	September 2045
TMCL VII 2020-3 Bonds		194,414		2.15	%		214,168		2.15	%	September 2045
TMCL VII 2021-1 Bonds		508,024		1.72	%		—		0.00	%	February 2046
TMCL VII 2021-2 Bonds		610,111		2.27	%		—		0.00	%	April 2046
TMCL VII 2021-3 Bonds		577,603		1.98	%		—		0.00	%	August 2046
TAP Funding Revolving Credit Facility		—		0.00	%		131,857		2.11	%		—
Total debt obligations	$	5,340,520				$	4,115,344
Amount due within one year	$	380,207				$	408,365
Amounts due beyond one year	$	4,960,313				$	3,706,979

(1) Final maturity of the TMCL II Secured Debt Facility is based on the assumption that the facility will not be extended on its scheduled conversion date.

Estimated Future Scheduled Repayments

The following is a schedule of future scheduled repayments, by year, and borrowing capacities, as of December 31, 2021:

	Twelve months ending December 31,														Available borrowing,			Current and Available Borrowing,
	2022		2023		2024		2025		2026		2027 and thereafter		Total Borrowing			as limited by the Borrowing Base			as limited by the Borrowing Base
TL Revolving Credit Facility	$	—	$	1,062,858	$	—	$	—	$	—	$	—	$	1,062,858		$	299,494		$	1,362,352
TL 2019 Term Loan		11,285		11,686		12,102		12,532		90,973		—		138,578			—			138,578
TL 2021-1 Term loan		5,490		5,637		5,789		5,944		6,103		36,841		65,804			—			65,804
TL 2021-2 Term Loan		14,434		14,858		15,294		15,743		16,205		130,101		206,635			—			206,635
TMCL II Secured Debt Facility (1)		75,345		69,210		70,628		82,028		74,191		702,339		1,073,741			—			1,073,741
TMCL VII 2020-1 Bonds (2)		56,921		57,675		58,419		57,411		51,728		106,040		388,194			—			388,194
TMCL VII 2020-2 Bonds (2)		61,149		66,779		69,345		69,631		68,296		200,490		535,690			—			535,690
TMCL VII 2020-3 Bonds (2)		20,111		20,111		20,111		20,111		20,111		95,306		195,861			—			195,861
TMCL VII 2021-1 Bonds (2)		44,000		44,000		44,000		44,000		44,000		293,333		513,333			—			513,333
TMCL VII 2021-2 Bonds (2)		52,096		52,096		52,096		52,096		52,096		355,989		616,469			—			616,469
TMCL VII 2021-3 Bonds (2)		48,000		48,000		48,000		48,000		48,000		344,000		584,000			—			584,000
Total (3)	$	388,831	$	1,452,910	$	395,784	$	407,496	$	471,703	$	2,264,439	$	5,381,163		$	299,494		$	5,680,657

(1) The estimated future scheduled repayments for TMCL II Secured Debt Facility are based on the assumption that the facility will not be extended on its associated conversion date.

(2)	Future scheduled payments for all bonds payable exclude unamortized discounts in an aggregate amount of $613.

(3)	Future scheduled payments for all debts exclude prepaid debt issuance costs in an aggregate amount of $40,030.