Quarterly report pursuant to Section 13 or 15(d)

Indebtedness (Tables)

v3.19.3
Indebtedness (Tables)
9 Months Ended
Sep. 30, 2019
Debt Disclosure [Abstract]  
Schedule of debt
As of September 30, 2019, debt consisted of the following (in thousands, except percentages):
 
 
Carrying Values, net of
debt discount
 
Unused Borrowing Capacity
 
Interest
Rate (1)
 
Maturity
Date
 
 
Current
 
Long Term
 
Total
 
 
 
 
 
 
Recourse debt:
 
 
 
 
 
 
 
 
 
 
 
 
Bank line of credit
 
$

 
$
239,035

 
$
239,035

 
$

 
5.34% - 5.76%
 
April 2022
Total recourse debt
 

 
239,035

 
239,035

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Non-recourse debt:
 
 
 
 
 
 
 
 
 
 
 
 
Senior
 
8,565

 
844,728

 
853,293

 

 
4.26% - 5.61%
 
April 2022 - July 2027
Subordinated
 

 
374,556

 
374,556

 

 
7.26% - 10.50%
 
March 2023 - July 2030
Securitization Class A
 
20,353

 
548,767

 
569,120

 

 
3.98% - 5.31%
 
July 2024 - June 2054
Securitization Class B
 
484

 
8,821

 
9,305

 

 
5.38%
 
July 2024
Total non-recourse debt
 
29,402

 
1,776,872

 
1,806,274

 

 
 
 
 
Total debt
 
$
29,402

 
$
2,015,907

 
$
2,045,309

 
$

 
 
 
 
(1)
Reflects contractual, unhedged rates. See Note 9, Derivatives for hedge rates.
As of December 31, 2018, debt consisted of the following (in thousands, except percentages):
 
 
Carrying Values, net of
debt discount
 
Unused
Borrowing
Capacity
 
Interest
Rate (1)
 
Maturity
Date
 
 
Current
 
Long Term
 
Total
 
 
 
 
 
 
Recourse debt:
 
 
 
 
 
 
 
 
 
 
 
 
Bank line of credit
 
$

 
$
247,000

 
$
247,000

 
$
406

 
5.45% - 5.77%
 
April 2020
Total recourse debt
 

 
247,000

 
247,000

 
406

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Non-recourse debt:
 
 
 
 
 
 
 
 
 
 
 
 
Senior
 
19,070

 
809,447

 
828,517

 

 
4.50% - 5.54%
 
September 2020 - October 2024
Subordinated
 
5,824

 
267,513

 
273,337

 

 
7.03% - 10.00%
 
September 2020 - January 2030
Securitization Class A
 
10,125

 
380,299

 
390,424

 

 
4.40% - 5.31%
 
July 2024 - April 2049
Securitization Class B
 
465

 
9,179

 
9,644

 

 
5.38%
 
July 2024
Total non-recourse debt
 
35,484

 
1,466,438

 
1,501,922

 

 
 
 
 
Total debt
 
$
35,484

 
$
1,713,438

 
$
1,748,922

 
$
406

 
 
 
 
(1)  
Reflects contractual, unhedged rates. See Note 9, Derivatives for hedge rates.