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Senior Secured Term Loan, Net (Tables)

6 Months Ended

Jun. 30, 2021

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

The table below provides the borrowings outstanding (on an as converted basis) and weighted-average fully-extended maturities by currency for the assets financed under the Barclays Private Securitization as of June 30, 2021 ($ in thousands):

			Borrowings outstanding						Fully-Extended Maturity(1)
Total/Weighted-Average GBP			$881,976						August 2024
Total/Weighted-Average EUR			370,492						June 2022(2)
Total/Weighted-Average SEK			242,964						May 2022
Total/Weighted-Average Securitization			$1,495,432						September 2023

———————

(1)Assumes underlying loans extend to fully extended maturity and extensions at our option are exercised.

(2)The EUR portion of the Barclays Private Securitization has an "evergreen" feature such that the facility continues for one year and can be terminated by either party on certain dates with, depending on the date of notice, a minimum of nine to twelve months' notice.

The following table summarizes the terms of our Term Loans as of June 30, 2021 ($ in thousands):

			Principal Amount			Unamortized Issuance Discount			Deferred Financing Costs			Carrying Value			Spread			Maturity Date
2026 Term Loan			$	490,000		$	(1,726)		$	(6,280)		$	481,994		2.75		%	5/15/2026
2028 Term Loan			299,250			(2,857)			(3,818)			292,575			3.50		%	3/11/2028
Total			$	789,250		$	(4,583)		$	(10,098)		$	774,569

The following table summarizes the terms of our Term Loans as of December 31, 2020 ($ in thousands):

			Principal Amount			Unamortized Issuance Discount			Deferred Financing Costs			Carrying Value			Spread			Maturity Date
2026 Term Loan			$	492,500		$	(1,905)		$	(7,130)		$	483,465		2.75		%	5/15/2026

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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