Debt (Tables)

12 Months Ended

Dec. 31, 2016

The following table summarizes our outstanding debt as of December 31 (in thousands):



Description	Type	Maturity Date	Weighted Average Interest Rate at December 31, 2016	December 31, 2016				December 31, 2015
Funding Debt:
ODAST II Agreement	Securitization Facility	May 2020 ⁽¹⁾	4.7%	$	250,000			$	—
ODART Agreement	Revolving	September 2017	3.4%	133,767				42,090
RAOD Agreement	Revolving	May 2017	3.8%	99,985				47,465
ODAF Agreement	Revolving	August 2019 ⁽²⁾	8.0%	100,000			⁽²⁾	—
ODAC Agreement	Revolving	May 2017	10.0%	65,486				27,699
PORT II Agreement	Revolving	December 2018	3.7%	52,397				—
Other Agreements	Various	Various ⁽³⁾	Various	30,887				19,644
ODAST Agreement ⁽⁴⁾	Securitization Facility	May 2018⁽⁴⁾	N/A	—				174,980
ODAP Agreement	Revolving	August 2017⁽⁵⁾	5.0%	—				8,819
PORT Agreement	Revolving	June 2017⁽⁶⁾	2.8%	—				59,415
				732,522				380,112
Deferred Debt Issuance Cost				(5,883		)		(4,222		)
Total Funding Debt				726,639				375,890

Corporate Debt:
Square 1 Agreement	Revolving	October 2018	5.0%	28,000				2,700
Deferred Debt Issuance Cost				(34		)		(5		)
Total Corporate Debt				$	27,966			$	2,695


(1)	The period during which remaining cash flow can be used to purchase additional loans expires April 2018.


(2)	On February 14, 2017, the maturity date was extended to February 2020 and the credit limit was increased to $150 million. The period during which new borrowings may be made under this debt facility expires in February 2019.


(3)	Maturity dates range from January 2017 through December 2018.


(4)	This debt facility was terminated in May 2016.


(5)	This debt facility was terminated in November 2016.


(6)	This debt facility was terminated in December 2016.

As of December 31, 2016, future maturities of our borrowings were as follows (in thousands):