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Debt
6 Months Ended
Jun. 30, 2015
Debt Disclosure [Abstract]  
Debt
Debt
The following table summarizes our outstanding debt as of June 30, 2015 and December 31, 2014:
Description
Type
 
Maturity Date
 
Interest Rates at June 30, 2015
 
June 30, 2015
 
December 31, 2014
 
 
 
 
 
 
 
(in thousands)
Funding Debt:
 
 
 
 
 
 
 
ODAST Agreement
Securitization Facility
 
May 2018
 
3.4%
 
$
174,976

 
$
174,972

ODART Agreement
Revolving
 
September 2016
 
3.7%
 
86,732

 
105,598

ODAC Agreement
Revolving
 
May 2017
 
8.4%
 
18,782

 
32,733

ODAP Agreement
Revolving
 
August 2016
 
5.0%
 
22,727

 
56,686

PORT Agreement
Revolving
 
June 2017
 
2.4%
 
15,011

 

RAOD Agreement
Revolving
 
May 2017
 
3.2%
 
28,209

 

SBAF Agreement
Revolving
 
Various (1)
 
7.4%
 
16,921

 
16,740

Partner Synthetic Participations
Term
 
Various (2)
 
Various
 
5,024

 
1,199

 
 
 
 
 
 
 
368,382

 
387,928

Corporate Debt:
 
 
 
 
 
 
 
 
 
Square 1 Agreement
Revolving
 
October 2015
 
4.5%
 

 
12,000

 
 
 
 
 
 
 
$
368,382


$
399,928

  ___________
(1)
Maturity dates range from July 2015 through May 2017
(2)
Maturity dates range from July 2015 through June 2017

On May 22, 2015, through a wholly-owned bankruptcy remote subsidiary, we entered into a $50 million revolving line of credit with SunTrust Bank ("RAOD Agreement"). The facility bears interest at LIBOR plus 3.00%, and matures in May 2017.

On May 22, 2015 an amendment was made to the ODAC Agreement extending the date of maturity from October 2016 to May 2017. In addition to other changes, this facility is now exclusively for the use of financing our line of credit product.

On June 12, 2015, through a wholly-owned bankruptcy remote subsidiary, we entered into a $100 million revolving line of credit with Bank of America, N.A. ("PORT Agreement"). The facility bears interest at LIBOR plus 2.25%, and matures in June 2017.