Annual report pursuant to Section 13 and 15(d)

Credit facilities (Tables)

v3.20.4
Credit facilities (Tables)
 12 Months Ended
Dec. 31, 2020
Debt Disclosure [Abstract]  
Schedule of Additional Detail on Credit Facility
The following table provides additional detail on our Senior Credit Facilities as of December 31, 2020:
  Rep-Based Facility Approval-Based Facility
  (dollars in millions)
Outstanding balance $ —  $ 23 
Value of collateral pledged to credit facility 25  151 
Weighted average short-term borrowing rate N/A 1.7  %
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 December 31, 2020 are as follows:
Future Minimum Maturities
For the year ended December 31, (in millions)
2021 $ — 
2022 8 
2023 15 
Total $ 23 
The stated minimum maturities of non-recourse debt as of December 31, 2020, were as follows:

Year Ending December 31, Future minimum
maturities
  (in millions)
2021 $ 29 
2022 27 
2023 30 
2024 34 
2025 31 
Thereafter 454 
Total minimum maturities 605 
Unamortized financing costs (12)
Total non-recourse debt $ 593