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Debt (Tables)
6 Months Ended
Jun. 30, 2016
Debt Disclosure [Abstract]  
Summary of Outstanding Debt
The following table summarizes our outstanding debt as of June 30, 2016 and December 31, 2015 (in thousands):
Description
Type
 
Maturity Date
 
Weighted Average Interest
Rate at June 30, 2016
 
June 30, 2016
 
December 31, 2015
Funding Debt:
 
 
 
 
 
 
 
ODAST Agreement (1)
Securitization Facility
 
May 2018
 
—%
 
$

 
$
174,980

PORT Agreement
Revolving
 
June 2017
 
2.7%
 
78,289

 
59,415

RAOD Agreement
Revolving
 
May 2017
 
3.4%
 
99,985

 
47,465

ODART Agreement
Revolving
 
September 2017
 
3.2%
 
62,402

 
42,090

ODAC Agreement
Revolving
 
May 2017
 
9.7%
 
55,002

 
27,699

SBAF Agreement
Revolving
 
Various (2)
 
6.6%
 
7,625

 
12,783

ODAP Agreement
Revolving
 
August 2017 (3)
 
5.0%
 

 
8,819

ODAST II Agreement
Securitization Facility
 
May 2020 (4)
 
4.7%
 
250,000

 

Partner Synthetic Participations
Term
 
Various (5)
 
Various
 
5,568

 
6,861

 
 
 
 
 
 
 
558,871

 
380,112

Deferred Debt Issuance Cost
 
 
 
 
 
 
(4,948
)
 
(4,222
)
Total Funding Debt
 
 
 
 
 
 
$
553,923

 
$
375,890

 
 
 
 
 
 
 
 
 
 
Corporate Debt:
 
 
 
 
 
 
 
 
 
Square 1 Agreement
Revolving
 
October 2016
 
4.5%
 
$
2,700

 
$
2,700

Deferred Debt Issuance Cost
 
 
 
 
 
 
(2
)
 
(5
)
Total Corporate Debt
 
 
 
 
 
 
$
2,698

 
$
2,695

___________
(1)
This debt facility was terminated in May 2016
(2)
Maturity dates range from August 2016 through August 2017
(3)
The period during which new borrowings may be made under this debt facility expires in August 2016
(4)
The period during which remaining cash flow can be used to purchase additional loans expires April 30, 2018
(5)
Maturity dates range from July 2016 through June 2018