Quarterly report pursuant to Section 13 or 15(d)

Credit Facilities (Tables)

v3.20.2
Credit Facilities (Tables)
 6 Months Ended
Jun. 30, 2020
Debt Disclosure [Abstract]  
Schedule of Additional Detail on Credit Facility
The following table provides additional detail on our Senior Credit Facilities as of June 30, 2020:

Rep-Based
Facility		 Approval-Based Facility
  (dollars in millions)
Outstanding balance $ —    $ 30   
Value of collateral pledged to credit facility 26    158   
Weighted average short-term borrowing rate N/A 1.68  %
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 June 30, 2020 are as follows:
Future minimum maturities
(in millions)
July 1, 2020 to December 31, 2020 $ —   
2021 7   
2022 8   
2023 15   
Total $ 30   
The stated minimum maturities of non-recourse debt as of June 30, 2020, were as follows:

Future minimum maturities
(in millions)
July 1, 2020 to December 31, 2020 $ 17   
2021 25   
2022 27   
2023 53   
2024 34   
2025 31   
Thereafter 453   
Total minimum maturities $ 640   
Unamortized financing costs (14)  
Total non-recourse debt $ 626