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 June 30, 2019 and December 31, 2018, was as follows (dollars in thousands):



	As of
	June 30, 2019					December 31, 2018
	Balance		Interest Rate	Carrying Amount of Pledged Assets		Balance		Interest Rate	Carrying Amount of Pledged Assets

2013 Notes Payable	$	16,875	5.50%		21,106	$	28,125	5.50%	$	22,878
Fifth Third Bank Note Payable		3,711	5.44%		7,802		3,834	5.34%		7,892
NBA Éilan Loan		20,893	5.69%		30,880		25,603	5.60%		35,615
Fifth Third Syndicated LOC		75,000	5.11%		101,038		55,000	5.27%		92,415
Fifth Third Syndicated Term		21,562	5.08%		29,049		22,500	5.37%		27,724
Unamortized debt issuance costs		(1,245)	—		—		(1,671)	—		—
Total	$	136,796		$	189,875	$	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 six ended months June 30, 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
	June 30, 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	$	27,708	5.50%	$	34,152	$	17,654	5.25%	$	22,062
NBA Receivables Facility		39,698	5.18%		48,487		48,414	5.27%		57,805
Pacific Western Facility		19,414	5.34%		24,144		10,606	5.52%		13,730
Total		86,820			106,783		76,674			93,597

Receivable-backed notes payable - non-recourse:
KeyBank/DZ Purchase Facility	$	14,436	5.16%	$	17,641	$	—	---	$	—
Quorum Purchase Facility		38,112	4.75-5.50%		43,024		40,074	4.75-5.50%		45,283
2012 Term Securitization		11,431	2.94%		13,229		15,212	2.94%		16,866
2013 Term Securitization		22,308	3.20%		24,494		27,573	3.20%		29,351
2015 Term Securitization		37,109	3.02%		40,428		44,230	3.02%		47,690
2016 Term Securitization		56,672	3.35%		63,830		63,982	3.35%		72,590
2017 Term Securitization		74,396	3.12%		85,322		83,513	3.12%		95,877
2018 Term Securitization		102,779	4.02%		116,172		114,480	4.02%		125,916
Unamortized debt issuance costs		(5,927)	---		—		(6,807)	---		—
Total		351,316			404,140		382,257			433,573
Total receivable-backed debt	$	438,136		$	510,923	$	458,931		$	527,170

There were no new debt issuances or significant changes related to the above listed facilities during the six months ended June 30, 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 June 30, 2019 (1)		Initial Equity In Trust (2)		Issue Date	Interest Rate	Interest Rate at June 30, 2019	Maturity Date	Carrying Value as of December 31, 2018 (1)

BST I	$	14,977	$	355	3/15/2005	3-month LIBOR + 4.90%	7.49%	3/30/2035	$	14,900
BST II		16,773		401	5/4/2005	3-month LIBOR + 4.85%	7.43%	7/30/2035		16,688
BST III		6,788		164	5/10/2005	3-month LIBOR + 4.85%	7.43%	7/30/2035		6,755
BST IV		9,985		237	4/24/2006	3-month LIBOR + 4.85%	7.44%	6/30/2036		9,933
BST V		9,985		237	7/21/2006	3-month LIBOR + 4.85%	7.44%	9/30/2036		9,933
BST VI		13,183		311	2/26/2007	3-month LIBOR + 4.80%	7.38%	4/30/2037		13,114
	$	71,691	$	1,705					$	71,323

(1)

Amounts include purchase accounting adjustments which reduced the total carrying value by $39.1 million and $39.5 million as of June 30, 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 June 30, 2019, we were in compliance with all financial debt covenants under our debt instruments, as amended. As of June 30, 2019, we had availability of approximately $150.6 million under our receivable-backed purchase and credit facilities and corporate credit line, subject to eligible collateral and the terms of the facilities, as applicable.