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v3.21.1

Long-Term Debt - Schedule of Components of Long-Term Debt (Details) $ in Thousands | 3 Months Ended
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Mar. 31, 2021 USD ($)
Debt Instrument [Line Items] |
Borrowings | $ 1,451,713
Unamortized Deferred Issuance Costs / Discount | (13,451)
Net Carrying Value | 1,438,262
Facilities |
Debt Instrument [Line Items] |
Borrowings | 790,292
Unamortized Deferred Issuance Costs / Discount | (3,423)
Net Carrying Value | 786,869
Trust preferred securities and subordinated notes |
Debt Instrument [Line Items] |
Borrowings | 139,500
Unamortized Deferred Issuance Costs / Discount | (814)
Net Carrying Value | $ 138,686
Trust preferred securities and subordinated notes | LIBOR |
Debt Instrument [Line Items] |
Basis spread on variable rate | 2.25%
Sequoia | Recourse Subordinate Securities Financing | Affiliated Entity |
Debt Instrument [Line Items] |
Borrowings | $ 172,805
Unamortized Deferred Issuance Costs / Discount | (624)
Net Carrying Value | $ 172,181
Weighted Average Interest Rate (as a percent) | 4.21%
CAFL | Recourse Subordinate Securities Financing | Affiliated Entity |
Debt Instrument [Line Items] |
Borrowings | $ 102,426
Unamortized Deferred Issuance Costs / Discount | (581)
Net Carrying Value | $ 101,845
Weighted Average Interest Rate (as a percent) | 4.21%
Non-Recourse BPL Financing, Facility A | Facilities |
Debt Instrument [Line Items] |
Borrowings | $ 241,549
Unamortized Deferred Issuance Costs / Discount | (1,119)
Net Carrying Value | 240,430
Limit | $ 316,543
Non-Recourse BPL Financing, Facility A | Facilities | LIBOR |
Debt Instrument [Line Items] |
Basis spread on variable rate | 7.50%
Non-Recourse BPL Financing, Facility B | Facilities |
Debt Instrument [Line Items] |
Borrowings | $ 84,017
Unamortized Deferred Issuance Costs / Discount | (555)
Net Carrying Value | 83,462
Limit | $ 84,017
Non-Recourse BPL Financing, Facility B | Facilities | LIBOR |
Debt Instrument [Line Items] |
Basis spread on variable rate | 3.85%
Recourse BPL Financing, Facility A | Facilities |
Debt Instrument [Line Items] |
Borrowings | $ 75,109
Unamortized Deferred Issuance Costs / Discount | (368)
Net Carrying Value | 74,741
Limit | $ 250,000
Recourse BPL Financing, Facility A | Facilities | LIBOR |
Debt Instrument [Line Items] |
Basis spread on variable rate | 3.00%
Recourse BPL Financing, Facility B | Facilities |
Debt Instrument [Line Items] |
Borrowings | $ 114,386
Unamortized Deferred Issuance Costs / Discount | (176)
Net Carrying Value | 114,210
Limit | $ 250,000
Recourse BPL Financing, Facility B | Facilities | LIBOR |
Debt Instrument [Line Items] |
Basis spread on variable rate | 3.00%
FHLBC borrowings |
Debt Instrument [Line Items] |
Borrowings | $ 1,000
Unamortized Deferred Issuance Costs / Discount | 0
Net Carrying Value | 1,000
Limit | $ 1,000
Weighted Average Interest Rate (as a percent) | 0.33%
4.75% convertible senior notes | Convertible notes |
Debt Instrument [Line Items] |
Borrowings | $ 198,629
Unamortized Deferred Issuance Costs / Discount | (2,610)
Net Carrying Value | $ 196,019
Weighted Average Interest Rate (as a percent) | 4.75%
5.625% convertible senior notes | Convertible notes |
Debt Instrument [Line Items] |
Borrowings | $ 150,200
Unamortized Deferred Issuance Costs / Discount | (2,634)
Net Carrying Value | $ 147,566
Weighted Average Interest Rate (as a percent) | 5.625%
5.75% exchangeable senior notes | Convertible notes |
Debt Instrument [Line Items] |
Borrowings | $ 172,092
Unamortized Deferred Issuance Costs / Discount | (3,970)
Net Carrying Value | $ 168,122
Weighted Average Interest Rate (as a percent) | 5.75%

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