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Debt Facilities (Tables)
9 Months Ended
Jan. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Debt Facilities
A summary of debt facilities is as follows:
(In thousands)January 31, 2025April 30, 2024
Revolving line of credit$74,991 $201,743 
Debt issuance costs(1,872)(924)
Revolving line of credit, net$73,119 $200,819 
Non-recourse notes payable - 2023-1 Issuance$68,243 $150,190 
Non-recourse notes payable - 2023-2 Issuance116,478 203,189 
Non-recourse notes payable - 2024-1 Issuance99,467 202,916 
Non-recourse notes payable - 2024-2 Issuance242,670 
Non-recourse notes payable - 2025-1 Issuance
200,000 
Debt issuance costs - non-recourse notes payable(4,613)(2,666)
Non-recourse notes payable, net722,245 553,629 
Total debt$795,364 $754,448 
Schedule of Debt Facilities, Original Principal Balance and Weighted Average Fixed Coupon Rate The original principal balance and weighted average fixed coupon rate for the five securitizations are as follows:
Original Principal Balance
(in thousands)
Weighted Average
 Fixed Coupon Rate
2023-1$400,200 8.68 %
2023-2360,300 8.80 %
2024-1250,000 9.50 %
2024-2300,000 7.44 %
2025-1
200,000 6.49 %