Term Loans, Net (Tables)

9 Months Ended

Sep. 30, 2021

Debt Disclosure [Line Items]

Schedule of Debt

The following table details our secured credit facilities as of September 30, 2021 ($ in thousands):

September 30, 2021
				Wtd Avg.				Wtd Avg.	Recourse Limitation
Currency	Lenders(1)	Borrowings		Maturity(2)	Loan Count	Collateral(3)		Maturity(4)	Wtd. Avg.	Range
USD	12	$	7,022,125	5/5/2025	114	$	9,557,168	5/1/2025	29%	25% - 100%
EUR	6		2,369,013	7/26/2024	10		3,150,165	7/4/2024	48%	25% - 100%
GBP	6		1,163,414	10/22/2024	12		1,739,121	11/9/2024	26%	25% - 50%
Others(5)	4		634,303	6/17/2025	5		812,537	5/28/2025	27%	25% - 100%
Total	12	$	11,188,855	2/17/2025	141	$	15,258,991	2/10/2025	32%	25% - 100%

(1) Represents the number of lenders with fundings advanced in each respective currency, as well as the total number of facility lenders.

(2) Based on the earlier of (i) the maximum maturity date of each secured credit facility, or (ii) the maximum maturity date of the collateral loans.

(3) Represents the principal balance of the collateral assets.

(4) Maximum maturity assumes all extension options are exercised by the borrower, however our loans may be repaid prior to such date.

(5) Includes Swedish Krona, Australian Dollar, and Canadian Dollar currencies.

Schedule of Net Book Value of Our Term Loans on Our Consolidated Balance Sheets

The following table details the net book value of our Convertible Notes on our consolidated balance sheets ($ in thousands):

	September 30, 2021			December 31, 2020
Face value	$	622,500		$	622,500
Unamortized discount		(3,301	)		(5,715	)
Deferred financing costs		(214	)		(396	)
Net book value	$	618,985		$	616,389

Term Loan [Member]

Debt Disclosure [Line Items]

Schedule of Debt

As of September 30, 2021, the following senior term loan facilities, or Term Loans, were outstanding ($ in thousands):

Term Loans	Face Value		Interest Rate(1)			All-in Cost(1)(2)			Maturity
B-1 Term Loan	$	932,256		+ 2.25	%		+ 2.53	%		April 23, 2026
B-2 Term Loan	$	420,450		+ 2.75	%		+ 3.42	%		April 23, 2026

(1)	The B-2 Term Loan borrowing is subject to a LIBOR floor of 0.50%.
(2)	Includes issue discount and transaction expenses that are amortized through interest expense over the life of the Term Loans.

Schedule of Net Book Value of Our Term Loans on Our Consolidated Balance Sheets

The following table details the net book value of our Term Loans on our consolidated balance sheets ($ in thousands):

	September 30, 2021			December 31, 2020
Face value	$	1,352,706		$	1,062,766
Unamortized discount		(9,748	)		(9,807	)
Deferred financing costs		(13,321	)		(11,255	)
Net book value	$	1,329,637		$	1,041,704