XML 60 R50.htm IDEA: XBRL DOCUMENT v3.23.3
Note 9 - Notes Payable - Schedule of Notes Payable at Face Value and Notes Payable to Related Parties (Details) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Revolving credit facilities $ 1,765,020 $ 1,630,111
Amortizing debt facilities 23,078 23,195
Total notes payable before unamortized debt issuance costs and discounts [1] 1,807,600 1,666,900
Unamortized debt issuance costs and discounts [1] (19,500) (13,600)
Total notes payable outstanding, net [1] 1,788,100 1,653,300
Other Secured Debt [Member]    
Amortizing debt facilities [1] 5,700 5,800
Phoenix [Member]    
Unsecured term debt (expiring August 26, 2024) with a weighted average interest rate equal to 8.0% (3) [1],[2] 17,400 17,400
Revolving Credit Facility Expiring November 1, 2025 [Member]    
Revolving credit facilities [1],[2],[3],[4] 45,300 44,100
Revolving Credit Facility Expiring October 30, 2024 [Member]    
Revolving credit facilities [1],[2],[4],[5],[6] 47,900 50,000
Revolving Credit Facility Expiring March 15, 2024 [Member]    
Revolving credit facilities [1],[2],[4],[5],[6],[7] 0 0
Revolving Credit Facility Expiring July 20, 2023 [Member]    
Revolving credit facilities [1],[2],[4],[5],[6] 28,900 24,600
Revolving Credit Facility Expiring December 11, 2023 [Member]    
Revolving credit facilities [1],[2],[4],[5],[6] 18,500 11,100
Revolving Credit Facility Expiring September 2023 [Member]    
Revolving credit facilities [1] 0 188,900
Revolving Credit Facility Expiring January 15, 2025 [Member]    
Revolving credit facilities [1],[2],[5],[6],[7] 88,900 100,000
Revolving Credit Facility Expiring October 15, 2025 [Member]    
Revolving credit facilities [1],[2],[5],[6],[7] 250,000 250,000
Revolving Credit Facility Expiring July 31, 2026 [Member]    
Revolving credit facilities [1],[2],[4],[5],[6] 35,000 25,000
Revolving Credit Facility Expiring December 15, 2026 [Member]    
Revolving credit facilities [1],[2],[5],[6],[7] 300,000 300,000
Revolving Credit Facility Expiring September 1, 2025 [Member]    
Revolving credit facilities [1],[2],[4],[5],[6],[7] 0 0
Revolving Credit Facility Expiring May 15, 2026 [Member]    
Revolving credit facilities [1],[2],[5],[6],[7] 300,000 300,000
Revolving Credit Facility Expiring January 15, 2029 [Member]    
Revolving credit facilities [1],[2],[5],[6],[7] 250,000 250,000
Revolving Credit Facility Expiring August 5, 2024 [Member]    
Revolving credit facilities [1],[2],[5],[6],[7] 0 0
Revolving Credit Facility Expiring March 15, 2028 [Member]    
Revolving credit facilities [1],[2],[5],[6],[7] 100,000 100,000
Revolving Credit Facility Expiring May 26, 2026 [Member]    
Revolving credit facilities [2],[5],[6] 20,000 0
ABS Secured by Certain Credit Card Receivables [Member]    
Revolving credit facilities [2],[5],[6],[7] $ 300,000 $ 0
[1] As of September 30, 2023, the Prime Rate was 8.50% and the Secured Overnight Financing Rate ("SOFR") was 5.31%.
[2] See below for additional information.
[3] Loan is subject to certain affirmative covenants, including a coverage ratio, a leverage ratio and a collateral performance test, the failure of which could result in required early repayment of all or a portion of the outstanding balance by our CAR Auto Finance operations.
[4] These notes reflect modifications to either extend the maturity date, increase the loan amount or both, and are treated as accounting modifications.
[5] Loans are associated with VIEs. See Note 7, "Variable Interest Entities" for more information.
[6] Loans are subject to certain affirmative covenants tied to default rates and other performance metrics the failure of which could result in required early repayment of the remaining unamortized balances of the notes.
[7] Creditors do not have recourse against the general assets of the Company but only to the collateral within the VIEs.