8. Debt

Lines-of-Credit and Notes Payable

We have outstanding borrowings with various financial institutions and other lenders. Financial data related to our lines of credit and notes payable (other than receivable-backed notes payable, which are discussed below) as of March 31, 2019 and December 31, 2018, were as follows (dollars in thousands):



	As of
	March 31, 2019					December 31, 2018
	Balance		Interest Rate	Carrying Amount of Pledged Assets		Balance		Interest Rate	Carrying Amount of Pledged Assets

2013 Notes Payable	$	22,500	5.50%	$	22,963	$	28,125	5.50%	$	22,878
Fifth Third Bank Note Payable		3,772	5.49%		7,847		3,834	5.34%		7,892
NBA Éilan Loan		23,591	5.74%		35,267		25,603	5.60%		35,615
Fifth Third Syndicated LOC		55,000	5.24%		94,774		55,000	5.27%		92,415
Fifth Third Syndicated Term		22,031	5.25%		29,811		22,500	5.37%		27,724
Unamortized debt issuance costs		(1,458)	—		—		(1,671)	—		—
Total	$	125,436		$	190,662	$	133,391		$	186,524

There were no new debt issuances or significant changes related to the above listed lines-of-credit or notes payable during the three ended months March 31, 2019. See Note 9 to our Consolidated Financial Statements included in our 2018 Annual Report on Form 10-K for additional information regarding the lines-of-credit and notes payable.

Receivable-Backed Notes Payable

Financial data related to our receivable-backed notes payable facilities was as follows (dollars in thousands):



	As of
	March 31, 2019					December 31, 2018
	Debt Balance		Interest Rate	Principal Balance of Pledged/ Secured Receivables		Debt Balance		Interest Rate	Principal Balance of Pledged/ Secured Receivables

Receivable-backed notes payable - recourse:
Liberty Bank Facility	$	19,766	5.50%	$	24,730	$	17,654	5.25%	$	22,062
NBA Receivables Facility		43,255	5.25%		53,130		48,414	5.27%		57,805
Pacific Western Facility		11,723	5.50%		15,185		10,606	5.52%		13,730
Total		74,744			93,045		76,674			93,597

Receivable-backed notes payable - non-recourse:
KeyBank/DZ Purchase Facility	$	7,297	5.23%	$	8,754	$	—	---	$	—
Quorum Purchase Facility		36,824	4.75-5.50%		41,867		40,074	4.75-5.50%		45,283
2012 Term Securitization		13,059	2.94%		15,237		15,212	2.94%		16,866
2013 Term Securitization		24,633	3.20%		27,411		27,573	3.20%		29,351
2015 Term Securitization		40,262	3.02%		44,697		44,230	3.02%		47,690
2016 Term Securitization		60,460	3.35%		69,442		63,982	3.35%		72,590
2017 Term Securitization		78,718	3.12%		91,712		83,513	3.12%		95,877
2018 Term Securitization		108,259	4.02%		122,187		114,480	4.02%		125,916
Unamortized debt issuance costs		(6,329)	---		—		(6,807)	---		—
Total		363,183			421,307		382,257			433,573
Total receivable-backed debt	$	437,927		$	514,352	$	458,931		$	527,170

There were no new debt issuances or significant changes related to the above listed facilities during the three months ended March 31, 2019. See Note 9 to our Consolidated Financial Statements included in our 2018 Annual Report on Form 10-K for additional information regarding the receivable-backed notes payable facilities.

Junior Subordinated Debentures

Financial data relating to our junior subordinated debentures was as follows (dollars in thousands):



Trust	Carrying Value as of March 31, 2019 (1)		Initial Equity In Trust (2)		Issue Date	Interest Rate	Interest Rate at March 31, 2019	Maturity Date	Carrying Value as of December 31, 2018 (1)

BST I	$	14,937	$	696	3/15/2005	3-month LIBOR + 4.90%	7.49%	3/30/2035	$	14,900
BST II		16,730		774	5/4/2005	3-month LIBOR + 4.85%	7.60%	7/30/2035		16,688
BST III		6,771		310	5/10/2005	3-month LIBOR + 4.85%	7.60%	7/30/2035		6,755
BST IV		9,959		464	4/24/2006	3-month LIBOR + 4.85%	7.44%	6/30/2036		9,933
BST V		9,959		464	7/21/2006	3-month LIBOR + 4.85%	7.44%	9/30/2036		9,933
BST VI		13,148		619	2/26/2007	3-month LIBOR + 4.80%	7.55%	4/30/2037		13,114
	$	71,504	$	3,327					$	71,323

(1)

Amounts include purchase accounting adjustments which reduced the total carrying value by $39.3 million and $39.5 million as of March 31, 2019 and December 31, 2018, respectively.

(2)

Initial Equity in Trust is recorded as part of other assets in the unaudited Consolidated Balance Sheets.

As of March 31, 2019, we were in compliance with all financial debt covenants under our debt instruments. As of March 31, 2019, we had availability of approximately $191.1 million under our receivable-backed purchase and credit facilities, inventory lines of credit and corporate credit line, subject to eligible collateral and the terms of the facilities, as applicable.