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Debt (Tables)

6 Months Ended

Jun. 30, 2019

Debt Disclosure [Abstract]

Summary of Outstanding Debt

The following table summarizes our outstanding debt as of June 30, 2019 and December 31, 2018 (in thousands):



					Outstanding
	Type		Maturity Date		Weighted Average Interest Rate at June 30, 2019		June 30, 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%		111,827				117,664
Receivable Assets of OnDeck, LLC	Revolving		September 2021	⁽³⁾	4.8%		101,453				113,631
OnDeck Asset Funding II LLC	Revolving		August 2022	⁽⁴⁾	5.4%		110,202				109,568
Prime OnDeck Receivable Trust II	Revolving		March 2022	⁽⁵⁾	4.4%		108,949				108,816
Loan Assets of OnDeck, LLC	Revolving		October 2022	⁽⁶⁾	4.2%		98,469				100,000
Corporate Debt	Revolving		January 2021		5.4%		20,000				—
Other Agreements	Various		Various	⁽⁷⁾	6.8%	⁽⁸⁾	72,909			⁽⁹⁾	47,318
					4.6%		848,809				821,997
Deferred debt issuance cost							(7,207		)		(5,766		)
Total Debt							$	841,602			$	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 expires in March 2021.


⁽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 expires in March 2021.


⁽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 September 2019 and June 2020. Maturity dates range from September 2019 through December 2022.


⁽⁸⁾	Weighted average interest rate as of June 30, 2019 reflects the credit facilities assumed as a part of the combination with Evolocity Financial Group.


⁽⁹⁾	Outstanding amounts as of June 30, 2019 reflects the credit facilities assumed as a part of the combination with Evolocity Financial Group.