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Credit Facilities and Notes Payable (Tables)

12 Months Ended

Dec. 31, 2021

Line Of Credit Facility [Line Items]

Schedule of Carrying Values of Company Debt

The carrying value of the Company’s credit facilities, notes payable and other debt consist of the following as of December 31:

($ in thousands)	2021			2020
Credit facilities and notes payable, net
Senior secured credit facilities with financial institutions	$	747,514		$	49,544
Senior secured credit facility with a related party		81,926			105,397
Senior secured debt - other		33,320			—
Mezzanine secured credit facilities with third-party lenders		87,851			—
Mezzanine secured credit facilities with a related party		82,508			19,251
Notes payable with related parties		—			2,385
Notes payable - other		—			5,309
Debt issuance costs		(6,923	)		(208	)
Total credit facilities and notes payable, net		1,026,196			181,678
Current portion - credit facilities and notes payable, net
Total credit facilities, other debt and notes payable		861,762			50,143
Total credit facilities and notes payable, net - related party		164,434			126,825
Non-current portion - credit facilities and notes payable, net
Total credit facilities and notes payable		—			4,710
Total credit facilities and notes payable, net	$	1,026,196		$	181,678

Revolving Credit Facilities

Line Of Credit Facility [Line Items]

Summary of Company Senior Secured Credit Facilities

The following summarizes certain details related to the Company’s senior secured credit facilities (in thousands, except interest rates):

As of December 31, 2021	Borrowing Capacity			Outstanding Amount			Weighted- Average Interest Rate			End of Revolving / Withdrawal Period		Final Maturity Date
Facility with financial institution 1	$	400,000		$	365,392			2.60	%	August 2022		August 2022
Facility with financial institution 2		400,000			375,063			2.60	%	September 2023		March 2024
Facility with financial institution 3		500,000			7,059			2.60	%	December 2023		December 2024
Facility with a related party		85,000			81,926			4.10	%	December 2022		December 2022
Senior secured credit facilities	$	1,385,000		$	829,440

As of December 31, 2020	Borrowing Capacity			Outstanding Amount			Weighted- Average Interest Rate
Facility with financial institution 1	$	200,000		$	49,544			3.72	%
Facility with a related party		225,000			105,397			5.28	%
Senior secured credit facilities	$	425,000		$	154,941

Mezzanine Revolving Credit Facilities

Line Of Credit Facility [Line Items]

Summary of Company Senior Secured Credit Facilities

The following summarizes certain details related to the Company’s mezzanine secured credit facilities (in thousands, except interest rates):

As of December 31, 2021	Borrowing Capacity			Outstanding Amount			Weighted- Average Interest Rate			End of Revolving / Withdrawal Period		Final Maturity Date
Facility 1 with a related party	$	65,000		$	58,767			13.00	%	August 2022		August 2022
Facility with third-party lender 1		90,000			86,262			9.50	%	September 2023		March 2024
Facility with third-party lender 2		112,500			1,588			9.50	%	December 2023		December 2024
Facility 2 with a related party		14,000			23,742			13.00	%	December 2022		December 2022
Mezzanine secured credit facilities	$	281,500		$	170,359

As of December 31, 2020	Borrowing Capacity			Outstanding Amount			Weighted- Average Interest Rate
Facility 1 with a related party	$	25,000		$	6,195			13.00	%
Facility 2 with a related party		43,450			13,056			13.34	%
Mezzanine secured credit facilities	$	68,450		$	19,251

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+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19(b),22(b))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

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