The following is a summary of the Company’s debt as of the periods indicated:


	June 30, 2026							December 31, 2025
Dollars in thousands	Debt		Unamortized Debt Issuance Costs (1)			Net Debt		Debt		Unamortized Debt Issuance Costs (1)			Net Debt
Revolving credit facilities	$	340,262	$	(1,500	)	$	338,762	$	270,186	$	(1,747	)	$	268,439
Securitizations		1,335,680		(4,117	)		1,331,563		1,380,578		(6,844	)		1,373,734
Total	$	1,675,942	$	(5,617	)	$	1,670,325	$	1,650,764	$	(8,591	)	$	1,642,173
Unused amount of revolving credit facilities (subject to borrowing base)	$	441,566						$	511,420

(1) Unamortized debt issuance costs related to the revolving warehouse credit facilities are presented within other assets in the consolidated balance sheets. These credit facilities had $2.6 million and $1.8 million in such costs as of June 30, 2026 and December 31, 2025, respectively.

Revolving Credit Facilities: The Company’s revolving credit facilities are secured by substantially all of its finance receivables and, in the case of the senior revolving credit facility, the equity interests of the majority of its subsidiaries. The Company pays unused commitment fees on its revolving credit facilities, generally based upon the average outstanding balance. Certain revolving credit facilities have a one-year amortization period following the revolving period end date, at which point the credit facility terminates. As of June 30, 2026, the Company held $6.8 million in unrestricted cash. The Company had $121.1 million of immediate available liquidity to draw down cash under its revolving credit facilities as of June 30, 2026. Each of the Company’s revolving warehouse credit facilities holds restricted cash reserves to satisfy provisions of its respective credit agreement.

The following table includes the key terms under each of the Company’s revolving credit facilities as of June 30, 2026:


Dollars in thousands	Total Credit Facility		Debt Balance		Restricted Cash Reserves		Advance Rate Cap	Current Advance Rate	Unused Commitment Fee	Revolving Period End Date	Maturity Date
Senior (1)	$	355,000	$	208,137	$	—	83%	71%	0.3% - 0.9%	Aug 2028	Aug 2028
RMR IV warehouse (2)		125,000		28,516		359	79%	79%	0.5%	May 2027	May 2028
RMR V warehouse (3)		100,000		43,106		268	80%	80%	0.4% - 0.7%	Nov 2027	Nov 2028
RMR VI warehouse (4)		75,000		30,621		204	75%	75%	0.5%	Apr 2028	Apr 2029
RMR VII warehouse (5)		125,000		29,882		195	76%	76%	0.4% - 0.7%	Oct 2027	Oct 2028
Total	$	780,000	$	340,262	$	1,026

(1) The senior revolving credit facility has an additional advance rate cap of 60% of eligible delinquent renewals. As of June 30, 2026, this advance rate was 48%.

(2) Following an April 2026 amendment, the revolving period end date is now May 2027 (previously May 2026), and the maturity date is now May 2028 (previously May 2027).

(3) Following an April 2026 amendment, the revolving period end date is now November 2027 (previously November 2026), and the maturity date is now November 2028 (previously November 2027).

(4) Following an April 2026 amendment, the revolving period end date is now April 2028 (previously February 2027), and the maturity date is now April 2029 (previously February 2028).

(5) Following an April 2026 amendment, the revolving period end date is now October 2027 (previously October 2026), and the maturity date is now October 2028 (previously October 2026).

Borrowings under the revolving credit facilities bear interest, payable monthly, at a rate equal to the sum of any applicable floor, margin, and the market rate of each respective rate type that was effective as of June 30, 2026 (as follows):


	Floor	Margin	Rate Type	Effective Interest Rate
Senior	0.5%	2.8%	1-month SOFR	6.4%
RMR IV warehouse	—	2.3%	1-month SOFR	5.9%
RMR V warehouse	—	2.1%	Conduit	6.0%
RMR VI warehouse	—	2.1%	1-month SOFR	5.7%
RMR VII warehouse (1)	—	2.1%	1-month SOFR	5.7%

(1) Following an April 2026 amendment, the margin was reduced to 2.1% (previously 2.4%).

Securitizations: From time to time, the Company and its SPE, RMR III, complete private offerings and sales of asset-backed notes through the Company’s Issuance Trusts. The asset-backed notes are secured by finance receivables and other related assets that RMR III purchased from the Company, which RMR III then sells and transfers to the Issuance Trusts. The Issuance Trusts hold restricted cash reserves to satisfy provisions of the transaction documents. Borrowings under the securitizations bear interest, payable monthly, and principal repayments begin the month subsequent to the end of the revolving period. Prior to maturity, the Company may redeem the notes in full, but not in part, at its option on securitization-specific, designated dates. No payments of principal of the notes will be made during the revolving periods.

The following table includes the key terms under each of the Company’s securitizations as of June 30, 2026:


Dollars in thousands	Issue Date	Issue Amount		Debt Balance		Restricted Cash Reserves		Effective Interest Rate	Revolving Period End Date	Maturity Date
RMIT 2021-2	Jul 2021		200,000		200,192		2,083	2.3%	Jul 2026	Aug 2033
RMIT 2021-3	Oct 2021		125,000		125,202		1,471	3.9%	Sep 2026	Oct 2033
RMIT 2022-1	Feb 2022		250,000		53,038		2,646	5.2%	Feb 2025	Mar 2032
RMIT 2024-1	Jun 2024		187,305		187,788		1,078	6.2%	May 2027	Jul 2036
RMIT 2024-2	Nov 2024		250,000		250,557		1,418	5.3%	Nov 2026	Dec 2033
RMIT 2025-1	Mar 2025		265,000		265,585		1,489	5.3%	Mar 2027	Apr 2034
RMIT 2025-2	Oct 2025		252,810		253,318		1,389	4.8%	Oct 2027	Nov 2037
Total		$	1,530,115	$	1,335,680	$	11,574

The Company’s debt arrangements are subject to certain covenants, including monthly and annual reporting, maintenance of specified interest coverage and debt ratios, restrictions on distributions, limitations on other indebtedness, and certain other restrictions. As of June 30, 2026, the Company was in compliance with all debt covenants.