Outstanding Loans and Security Agreements (Tables)

3 Months Ended

Mar. 31, 2020

Debt Disclosure [Abstract]

Schedule of Debt

The following is a summary of our debt as of March 31, 2020 (in thousands):

	Unpaid Principal Balance		Net Carrying Value						Unused Borrowing Capacity		Interest Rate	Maturity Dates	Entity	Recourse
			Current		Long- Term		Total
LIBOR + 4% term loan due November 2020	$	1,143	$	1,117	$	—	$	1,117	$	—	LIBOR plus margin	November 2020	Company	Yes
10% convertible promissory Constellation note due December 2021	36,940		—		40,709		40,709		—		10.0%	December 2021	Company	Yes
10% convertible promissory notes due December 2021 *	319,299		—		338,944		338,944		—		10.0%	December 2021	Company	Yes
10% notes due July 2024	86,000		14,000		69,230		83,230		—		10.0%	July 2024	Company	Yes
Total recourse debt	443,382		15,117		448,883		464,000		—
7.5% term loan due September 2028	36,232		2,439		30,597		33,036		—		7.5%	September  2028	PPA IIIa	No
6.07% senior secured notes due March 2030	80,255		3,330		75,989		79,319		—		6.1%	March 2030	PPA IV	No
LIBOR + 2.5% term loan due December 2021	120,818		5,340		114,306		119,646		—		LIBOR  plus margin	December 2021	PPA V	No
Letters of Credit due December 2021	—		—		—		—		1,220		2.25%	December 2021	PPA V	No
Total non-recourse debt	237,305		11,109		220,892		232,001		1,220
Total debt	$	680,687	$	26,226	$	669,775	$	696,001	$	1,220

* Note that $70.0 million of this amount was due on or before September 1, 2020, but as it was repaid on May 1, 2020 with the proceeds from long-term debt, as described below, this amount has also been classified as long-term in the condensed consolidated balance sheet as of March 31, 2020. See Note 17, Subsequent Events for additional information.

The following is a summary of our debt as of December 31, 2019 (in thousands):

	Unpaid Principal Balance		Net Carrying Value						Unused Borrowing Capacity		Interest Rate	Maturity Dates	Entity	Recourse
			Current		Long- Term		Total
LIBOR + 4% term loan due November 2020	$	1,571	$	1,536	$	—	$	1,536	$	—	LIBOR plus margin	November 2020	Company	Yes
5% convertible promissory note due December 2020	33,104		36,482		—		36,482		—		5.0%	December 2020	Company	Yes
6% convertible promissory notes due December 2020	289,299		273,410		—		273,410		—		6.0%	December 2020	Company	Yes
10% notes due July 2024	93,000		14,000		75,962		89,962		—		10.0%	July 2024	Company	Yes
Total recourse debt	416,974		325,428		75,962		401,390		—
7.5% term loan due September 2028	38,337		3,882		31,087		34,969		—		7.5%	September 2028	PPA IIIa	No
6.07% senior secured notes due March 2030	80,988		3,151		76,865		80,016		—		6.1%	March 2030	PPA IV	No
LIBOR + 2.5% term loan due December 2021	121,784		5,122		115,315		120,437		—		LIBOR plus margin	December 2021	PPA V	No
Letters of Credit due December 2021	—		—		—		—		1,220		2.25%	December 2021	PPA V	No
Total non-recourse debt	241,109		12,155		223,267		235,422		1,220
Total debt	$	658,083	$	337,583	$	299,229	$	636,812	$	1,220

Schedule of Repayment

The following table presents detail of our outstanding loan principal repayment schedule as of March 31, 2020 (in thousands):

Remainder of 2020 *	$	86,493
2021	425,609
2022	26,046
2023	29,450
2024	35,941
Thereafter	77,148
	$	680,687

*Note that $70.0 million of this amount was due on or before September 1, 2020, but as it was repaid on May 1, 2020 with the proceeds from long-term debt, as described below, this amount has also been classified as long-term in the condensed consolidated balance sheet as of March 31, 2020. See Note 17, Subsequent Events for additional information.