Debt

The following table summarizes our outstanding debt as of March 31, 2019 and December 31, 2018 (in thousands):



				Outstanding
	Type	Maturity Date		Weighted Average Interest Rate at March 31, 2019	March 31, 2019			December 31, 2018
Debt:
OnDeck Asset Securitization Trust II	Securitization	April 2022	⁽¹⁾	3.8%	$	225,000		$	225,000
OnDeck Account Receivables Trust 2013-1	Revolving	March 2022	⁽²⁾	4.2%	114,425			117,664
Receivable Assets of OnDeck, LLC	Revolving	September 2021	⁽³⁾	4.7%	111,569			113,631
OnDeck Asset Funding II LLC	Revolving	August 2022	⁽⁴⁾	5.5%	106,413			109,568
Prime OnDeck Receivable Trust II	Revolving	March 2022	⁽⁵⁾	4.6%	116,812			108,816
Loan Assets of OnDeck, LLC	Revolving	October 2022	⁽⁶⁾	4.2%	106,625			100,000
Corporate Debt	Revolving	January 2021		5.5%	20,000			—
Other Agreements	Various	Various	⁽⁷⁾	5.6%	49,351			47,318
				4.5%	850,195			821,997
Deferred debt issuance cost					(7,881		)	(5,766		)
Total Debt					$	842,314		$	816,231


⁽¹⁾	The period during which new loans may be purchased under this securitization transaction expires in March 2020.


⁽²⁾	The period during which new borrowings may be made under this facility was extended to March 2021 pursuant to an amendment described in more detail below.


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


⁽⁵⁾	The period during which new borrowings may be made under this facility was extended to March 2021 pursuant to an amendment described in more detail below.


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


⁽⁷⁾	The periods during which new borrowings may be made under the various agreements expire between December 2019 and June 2021. Maturity dates range from June 2020 through December 2022.

Certain of our loans held for investment are pledged as collateral for borrowings in our funding debt facilities. These loans totaled $1.0 billion and $1.0 billion as of March 31, 2019 and December 31, 2018, respectively. Our corporate debt facility is collateralized by substantially all of our assets.

Recent Amendments to Debt Facilities

On January 28, 2019, we established a new corporate revolving debt facility with a commitment amount of $85 million, an interest rate of 1-month LIBOR plus 3% and a final maturity date in January 2021.The facility may be used for working capital and other general corporate purposes. Concurrently with closing this facility, we optionally prepaid in full and terminated our corporate revolving debt facility with Pacific Western Bank (successor by merger to Square 1 Bank).

On February 8, 2019, Loan Assets of OnDeck, LLC, our wholly-owned subsidiary, entered into an amendment to further modify its asset-backed revolving debt facility. The Amendment primarily increased the revolving commitment amount by $50 million and reduced the interest rate margin over 1-month LIBOR by 0.25% and made various technical, definitional, conforming and other changes.

On March 12, 2019, we amended the OnDeck Account Receivables Trust 2013-1 facility to a commitment amount of $180 million, a borrowing rate of 1-month LIBOR + 1.75%, a borrowing base advance rate of 80%, and made various technical, definitional, conforming and other changes. Additionally, the period during which new borrowings may be made under this facility was extended to March 2021 and the final maturity date was extended to March 2022.

On March 12, 2019, we amended the Prime OnDeck Receivable Trust II facility to increase the borrowing capacity from $125 million to $180 million, a borrowing rate of the CP Conduit Rate + 1.75%, a borrowing base advance rate of 80%, and made various technical, definitional, conforming and other changes. Additionally, the period during which new borrowings may be made under this facility was extended to March 2021 and the final maturity date was extended to March 2022.