Warehouse Credit Facilities of Consolidated VIEs

9 Months Ended

Sep. 30, 2022

Warehouse Credit Facilities of Consolidated VIEs

11. Warehouse Credit Facilities of Consolidated VIEs

UACC has three senior secured warehouse facility agreements (the “Warehouse Credit Facilities”) with banking institutions as of September 30, 2022. The Warehouse Credit Facilities are collateralized by eligible finance receivables and available borrowings are computed based on a percentage of eligible finance receivables. The terms of the Warehouse Credit Facilities include the following:


	Facility One		Facility Two		Facility Three
Execution Date	May 30, 2012		November 19, 2013		July 11, 2019
Maturity Date	October 20, 2023		September 27, 2024		May 24, 2024
Aggregate Borrowings Limit (in thousands)	$	150,000	$	200,000	$	200,000
Aggregate Principal Balance of Finance Receivables Pledged as Collateral as of September 30, 2022 (in thousands)	$	100,035	$	18,880	$	91,799
Outstanding Balance as of September 30, 2022 (in thousands)	$	48,690	$	14,546	$	72,217
Restricted Cash as of September 30, 2022 (in thousands)	$	3,926	$	50	$	5,380

As of September 30, 2022, the Company was in compliance with all covenants related to the Warehouse Credit Facilities.