Quarterly report pursuant to Section 13 or 15(d)

Credit facilities (Tables)

v3.10.0.1
Credit facilities (Tables)
9 Months Ended
Sep. 30, 2018
Debt Disclosure [Abstract]  
Schedule of Additional Detail on Credit Facility
The following table provides additional detail on our credit facility as of September 30, 2018 and December 31, 2017:
 
September 30, 2018
 
December 31, 2017
 
(dollars in millions)
Outstanding balance
$
252

 
$
70

Value of collateral pledged to credit facility
362

 
252

Weighted average short-term borrowing rate
3.8
%
 
3.0
%
Schedule of Minimum Maturities of Debt
The stated minimum maturities to be paid under the SU Borrowing to meet the required target loan balances as of September 30, 2018 are as follows:
 
Future minimum maturities
 
(in millions)
October 1, 2018 to December 31, 2018
$
14

2019
10

2020
8

2021
31

Total
$
63

The stated minimum maturities of non-recourse debt as of September 30, 2018, were as follows:
 
Future minimum maturities
 
(in millions)
October 1, 2018 to December 31, 2018
$
19

2019
139

2020
156

2021
135

2022
27

2023
62

Thereafter
582

Total minimum maturities
$
1,120

Deferred financing costs, net
(24
)
Total non-recourse debt
$
1,096