Debt (Tables)

12 Months Ended

Dec. 31, 2018

The following table summarizes our outstanding debt as of December 31, 2018 and December 31, 2017 (in thousands):



				Outstanding
	Type	Maturity Date		Weighted Average Interest Rate at December 31, 2018	December 31, 2018			December 31, 2017
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		5.1%	117,664			102,058
RAOD	Revolving	September 2021	⁽³⁾	4.7%	113,631			86,478
ODAC	Revolving	May 2019	⁽⁴⁾	N/A	—			62,350
ODAF	Revolving	February 2020	⁽⁴⁾	N/A	—			75,000
ODAF II	Revolving	August 2022	⁽⁵⁾	5.3%	109,568			—
PORT II	Revolving	March 2019		5.0%	108,816			63,851
LAOD	Revolving	October 2022	⁽⁶⁾	4.3%	100,000			—
Corporate Debt	Revolving	January 2019	⁽⁷⁾	6.8%	—			8,000
Other Agreements	Various	Various	⁽⁸⁾	6.0%	47,318			50,706
				4.7%	821,997			698,443
Deferred debt issuance cost					(5,766		)	(6,189		)
Total Debt					$	816,231		$	692,254


⁽¹⁾	The period during which new borrowings may be made under this debt 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⁾	The period during which new borrowings of Class A revolving loans may be made under this debt facility expires in December 2020.

The $19.7 million of Class B borrowing capacity matures in December 2019.


⁽⁴⁾	This debt facility was voluntarily repaid in full and terminated in August 2018.


⁽⁵⁾	The period during which new borrowings may be made under this debt facility expires in August 2021.


⁽⁶⁾	The period during which new borrowings may be made under this debt facility expires in April 2022.

⁽⁷⁾

In January 2019, we voluntarily prepaid in full and terminated the Square 1 Agreement which had a $30 million borrowing capacity. In January 2019 we established a new revolving debt facility with a commitment amount of $85 million and an interest rate of 1-month LIBOR plus 3.0% and a final maturity date of January 2021, see Note 15, "Subsequent Events" of Notes to Consolidated Financial Statements for additional information.


⁽⁸⁾	Maturity dates range from January 2020 through June 2021.

Schedule of Future Maturities

As of December 31, 2018, future maturities of our outstanding debt were as follows (in thousands):



2019	$	243,730
2020	108,760
2021	221,259
2022	248,248
Thereafter	—
Total	$	821,997