Quarterly report pursuant to Section 13 or 15(d)

Credit Facilities (Tables)

v3.19.3
Credit Facilities (Tables)
9 Months Ended
Sep. 30, 2019
Debt Disclosure [Abstract]  
Schedule of Additional Detail on Credit Facility
The following table provides additional detail on our senior credit facilities as of September 30, 2019:
 
Rep-Based
Facility
 
Approval-Based Facility
 
(dollars in millions)
Outstanding balance
$

 
$
38

Value of collateral pledged to credit facility
115

 
199

Weighted average short-term borrowing rate
%
 
3.56
%

Schedule of Minimum Maturities of Debt The stated minimum maturities to be paid under the amortization schedule to meet the required target loan balances as of September 30, 2019 are as follows:
 
Future minimum maturities
 
(in millions)
October 1, 2019 to December 31, 2019
$

2020
7

2021
8

2022
8

2023
15

Total
$
38


The stated minimum maturities of non-recourse debt as of September 30, 2019, were as follows:
 
Future minimum maturities
 
(in millions)
October 1, 2019 to December 31, 2019
$
12

2020
25

2021
26

2022
27

2023
126

2024
33

Thereafter
431

Total minimum maturities
$
680

Deferred financing costs, net
(15
)
Total non-recourse debt
$
665