Debt (Tables)

12 Months Ended

Dec. 31, 2019

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



				Outstanding
	Type	Maturity Date		Weighted Average Interest Rate at December 31, 2019	December 31, 2019			December 31, 2018
Debt:
OnDeck Asset Securitization Trust II LLC 2018-1	Securitization	April 2022	⁽¹⁾	3.8%	$	225,000		$	225,000
OnDeck Asset Securitization Trust II LLC 2019-1	Securitization	November 2024	⁽²⁾	3.0%	125,000			—
OnDeck Account Receivables Trust 2013-1	Revolving	March 2022	⁽³⁾	3.4%	129,512			117,664
Receivable Assets of OnDeck, LLC	Revolving	September 2021	⁽⁴⁾	3.3%	94,099			113,631
OnDeck Asset Funding II LLC	Revolving	August 2022	⁽⁵⁾	4.7%	123,840			109,568
Prime OnDeck Receivable Trust II	Revolving	March 2022	⁽⁶⁾	3.8%	—			108,816
Loan Assets of OnDeck, LLC	Revolving	October 2022	⁽⁷⁾	3.4%	120,665			100,000
Corporate line of credit	Revolving	January 2021	⁽⁸⁾	4.7%	40,000			—
International and other agreements	Various	Various	⁽⁹⁾	4.9%	64,585			47,318
				3.8%	922,701			821,997
Deferred debt issuance cost					(7,706		)	(5,766		)
Total Debt					$	914,995		$	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 loans may be purchased under this securitization transaction expires in October 2021.


⁽³⁾	The period during which new borrowings may be made under this facility expires in March 2021.


⁽⁴⁾	The period during which new borrowings of Class A revolving loans may be made under this debt facility expires in December 2020.


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


⁽⁶⁾	The period during which new borrowings may be made under this facility expires in March 2021.


⁽⁷⁾	The period during which new borrowings may be made under this debt facility expires in April 2022.


⁽⁸⁾	On July 19, 2019, the Company entered into an agreement which increased the commitment under its corporate revolving debt facility by $20 million. See Note 8 of Notes to Consolidated Financial Statements.


⁽⁹⁾	Other Agreements include, among others, our local currency debt facilities in Australia and Canada. The periods during which new borrowings may be made under the various agreements expire between January 2020 and June 2021. Maturity dates range from January 2020 through December 2022.

As of December 31, 2019, future maturities of our outstanding debt were as follows (in thousands):