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Debt (Tables)
9 Months Ended
Sep. 30, 2018
Debt Disclosure [Abstract]  
Summary of Outstanding Debt
The following table summarizes our outstanding debt as of September 30, 2018 and December 31, 2017 (in thousands):
 
 
 
 
 
 
 
Outstanding

Type
 
Maturity Date
 
Weighted Average Interest Rate at September 30, 2018
 
September 30, 2018
 
December 31, 2017
Funding Debt:
 
 
 
 
 
 
 
 
 
ODAST II Series 2018-1
Securitization
 
April 2022 (1)
 
3.8%
 
$
225,000

 
$

ODAST II Series 2016-1
Securitization
 
May 2020 (2)
 
N/A
 

 
250,000

ODART
Revolving
 
March 2019
 
4.7%
 
120,985

 
102,058

RAOD
Revolving
 
November 2018
 
5.3%
 
111,542

 
86,478

ODAC
Revolving
 
May 2019 (3)
 
N/A
 

 
62,350

ODAF
Revolving
 
February 2020 (3)
 
N/A
 

 
75,000

ODAF II
Revolving
 
August 2022 (4)
 
4.4%
 
111,119

 

PORT II
Revolving
 
December 2018
 
4.7%
 
110,605

 
63,851

LAOD
Revolving
 
October 2022 (5)
 
4.1%
 
95,096

 

Other Agreements
Various
 
Various (6)
 
7.4%
 
44,194

 
50,706

 
 
 
 
 
4.6%
 
818,541

 
690,443

Deferred debt issuance cost
 
 
 
 
 
 
(6,113
)
 
(6,174
)
Total Funding Debt
 
 
 
 
 
 
$
812,428

 
$
684,269

 
 
 
 
 
 
 
 
 
 
Corporate Debt:
 
 
 
 
 
 
 
 
 
Square 1
Revolving
 
October 2018 (7)
 
6.5%
 

 
8,000

Deferred debt issuance cost
 
 
 
 
 
 

 
(15
)
Total Corporate Debt
 
 
 
 
 
 
$

 
$
7,985

 
(1) The period during which new borrowings may be made under this facility expires in March 2020.
(2) In April 2018, we issued $225 million of debt in a new ODAST II securitization transaction (Series 2018-1) and the net proceeds were used, together with other available funds, to voluntarily prepay in full all $250 million of the prior Series 2016-1 Notes.
(3) This debt facility was voluntarily repaid in full and terminated in August 2018.
(4) The period during which new borrowings may be made under this debt facility expires in August 2021.
(5) The period during which new borrowings may be made under this debt facility expires in April 2022.
(6) Maturity dates range from January 2020 through June 2021.
(7) In October 2018 this debt facility was amended to extend the maturity date to January 2019.