Outstanding Loans and Security Agreements (Tables)

9 Months Ended

Sep. 30, 2020

The following is a summary of our debt as of September 30, 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	$	286	$	278	$	—	$	278	$	—	LIBOR plus margin	November 2020	Company	Yes

10% convertible promissory notes due December 2021	96,209		99,379		—		99,379		—		10.0%	December 2021	Company	Yes
10% notes due July 2024	79,000		16,000		60,743		76,743		—		10.0%	July 2024	Company	Yes
10.25% senior secured notes due March 2027	70,000		—		68,526		68,526		—		10.25%	March 2027	Company	Yes
2.5% green convertible senior notes due August 2025	230,000		—		98,212		98,212				2.5%	August 2025	Company	Yes
Total recourse debt	475,495		115,657		227,481		343,138		—

7.5% term loan due September 2028	35,087		2,696		29,522		32,218		—		7.5%	September 2028	PPA IIIa	No

6.07% senior secured notes due March 2030	78,710		3,695		74,151		77,846		—		6.1%	March 2030	PPA IV	No
LIBOR + 2.5% term loan due December 2021	117,947		7,609		109,536		117,145		—		LIBOR plus margin	December 2021	PPA V	No
Letters of Credit due December 2021	—		—		—		—		968		2.25%	December 2021	PPA V	No
Total non-recourse debt	231,744		14,000		213,209		227,209		968
Total debt	$	707,239	$	129,657	$	440,690	$	570,347	$	968

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

The following table presents detail of our outstanding loan principal repayment schedule as of September 30, 2020 (in thousands):