| Summary of the Company's Debt |
The following is a summary of the Company’s debt as of the periods indicated:
|
|
|
June 30, 2022 |
|
|
December 31, 2021 |
|
|
Dollars in thousands |
|
Debt |
|
|
Unamortized Debt Issuance Costs |
|
|
Net Debt |
|
|
Debt |
|
|
Unamortized Debt Issuance Costs |
|
|
Net Debt |
|
|
Senior revolving credit facility |
|
$ |
78,292 |
|
|
$ |
(1,135 |
) |
|
$ |
77,157 |
|
|
$ |
112,065 |
|
|
$ |
(1,345 |
) |
|
$ |
110,720 |
|
|
RMR II revolving warehouse credit facility |
|
|
27,123 |
|
|
|
(1,084 |
) |
|
|
26,039 |
|
|
|
52,469 |
|
|
|
(1,393 |
) |
|
|
51,076 |
|
|
RMR IV revolving warehouse credit facility |
|
|
29,337 |
|
|
|
(418 |
) |
|
|
28,919 |
|
|
|
20,071 |
|
|
|
(531 |
) |
|
|
19,540 |
|
|
RMR V revolving warehouse credit facility |
|
|
54,920 |
|
|
|
(405 |
) |
|
|
54,515 |
|
|
|
59,451 |
|
|
|
(516 |
) |
|
|
58,935 |
|
|
RMIT 2019-1 securitization |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
109,373 |
|
|
|
(464 |
) |
|
|
108,909 |
|
|
RMIT 2020-1 securitization |
|
|
180,214 |
|
|
|
(1,030 |
) |
|
|
179,184 |
|
|
|
180,214 |
|
|
|
(1,442 |
) |
|
|
178,772 |
|
|
RMIT 2021-1 securitization |
|
|
248,916 |
|
|
|
(1,407 |
) |
|
|
247,509 |
|
|
|
248,916 |
|
|
|
(1,830 |
) |
|
|
247,086 |
|
|
RMIT 2021-2 securitization |
|
|
200,192 |
|
|
|
(1,748 |
) |
|
|
198,444 |
|
|
|
200,192 |
|
|
|
(1,962 |
) |
|
|
198,230 |
|
|
RMIT 2021-3 securitization |
|
|
125,202 |
|
|
|
(1,326 |
) |
|
|
123,876 |
|
|
|
125,202 |
|
|
|
(1,527 |
) |
|
|
123,675 |
|
|
RMIT 2022-1 securitization |
|
|
250,374 |
|
|
|
(2,266 |
) |
|
|
248,108 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Total |
|
$ |
1,194,570 |
|
|
$ |
(10,819 |
) |
|
$ |
1,183,751 |
|
|
$ |
1,107,953 |
|
|
$ |
(11,010 |
) |
|
$ |
1,096,943 |
|
|
Unused amount of revolving credit facilities (subject to borrowing base) |
|
$ |
611,152 |
|
|
|
|
|
|
|
|
|
|
$ |
556,812 |
|
|
|
|
|
|
|
|
|
|