Warehouse Credit Facilities of Consolidated VIEs

6 Months Ended

Jun. 30, 2022

Line of Credit Facility [Abstract]

Warehouse Credit Facilities of Consolidated VIEs

11. Warehouse Credit Facilities of Consolidated VIEs

UACC has three senior secured warehouse facility agreements (the “Warehouse Credit Facilities”) with banking institutions. The Warehouse Credit Facilities are collateralized by eligible finance receivables and available borrowings are computed based on a percentage of eligible finance receivables. The terms of the Warehouse Credit Facilities include the following:

	Facility One		Facility Two		Facility Three
Execution Date	May 30, 2012		November 19, 2013		July 11, 2019
Maturity Date	October 20, 2023		May 19, 2023		May 24, 2024
Aggregate Borrowings Limit (in thousands)	$	150,000	$	100,000	$	150,000
Aggregate Principal Balance of Finance Receivables Pledged as Collateral as of June 30, 2022 (in thousands)	$	125,980	$	28,307	$	165,979
Outstanding Balance as of June 30, 2022 (in thousands)	$	59,200	$	21,122	$	130,255
Restricted Cash as of June 30, 2022 (in thousands)	$	4,332	$	1,413	$	7,287

As of June 30, 2022, the Company was in compliance with all covenants related to the Warehouse Credit Facilities.