XML 45 R22.htm IDEA: XBRL DOCUMENT

Debt (Tables)

3 Months Ended

Mar. 31, 2019

Debt Disclosure [Abstract]

Summary of Outstanding 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.