| Schedule of Terms of the Warehouse Credit Facilities |
The terms of the Warehouse Credit Facilities include the following (in thousands):
|
|
|
Facility One
|
|
Facility Two
|
|
Facility Three
|
|
Facility Four
|
|
Execution date
|
|
|
May 30, 2012
|
|
|
November 19, 2013
|
|
|
July 11, 2019
|
|
|
November 18, 2022
|
|
Commitment termination date
|
|
|
July 21, 2025
|
|
|
June 2, 2025
|
|
|
August 29, 2025
|
|
|
September 12, 2025
|
|
Aggregate borrowings limit
|
|
$
|
200,000 |
|
$
|
200,000 |
|
$
|
200,000 |
|
$
|
225,000 |
|
As of December 31, 2024
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Aggregate principal balance of finance receivables pledged as collateral
|
|
$
|
—
|
|
$
|
76,523 |
|
$
|
223,901 |
|
$
|
143,514 |
|
Outstanding balance
|
|
$
|
—
|
|
$
|
62,290 |
|
$
|
175,568 |
|
$
|
122,054 |
|
Restricted cash
|
|
$
|
—
|
|
$
|
3,169 |
|
$
|
10,398 |
|
$
|
5,328 |
|
As of December 31, 2023
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Aggregate principal balance of finance receivables pledged as collateral
|
|
$
|
223,207 |
|
$
|
64,970 |
|
$
|
165,927 |
|
$
|
92,978 |
|
Outstanding balance
|
|
$
|
177,375 |
|
$
|
51,012 |
|
$
|
117,264 |
|
$
|
75,617 |
|
Restricted cash
|
|
$
|
8,961 |
|
$
|
2,550 |
|
$
|
6,485 |
|
$
|
2,692 |
|