Investor Presentaiton
DIVERSIFIED SOURCES OF FUNDING: Q4 2020
Entity Capitalization
$ in Millions
$1,291.7
Capital Sources as of 12/31/20
Equity
SBA Debentures
2027 Asset-Backed Notes
2028 Asset-Backed Notes
2022 Convertible Notes
2022 Notes (Institutional)
2024 Notes (Institutional)
2025 Notes (Baby Bonds)
2033 Notes (Baby Bonds)
2025 Notes (Institutional)
2026 Notes (Institutional)
Credit Facilities
Total Capital
% of Total
49.8%
$99.0
3.8%
$181.0
7.0%
$250.0
9.6%
$230.0
8.9%
$150.0
5.8%
$105.0
4.1%
$75.0
2.9%
$40.0
1.5%
$120.0
4.6%
50.0
2.0%
$0.0
0.0%
$2,591.7
100.0%
($ in millions)
Debt Capital Stack
2025 Notes (Institutional)
2026 Institutional Notes
2.8%
2022 Institutional Notes
8.5%
4.6%
2024 Notes (Institutional).
2025 Institutional Notes
6.8%
2024 Institutional Notes.
5.9%
4.1%
$105.0
$150.0
$50.0
$75,0
2025 Notes
4.2%
$120.0
$75.0
SBA License 2 - HTIII
5.6%
$99.0
$40.0
2033 Notes
2.2%
$250.0
$230.0
$200.0
Wells Fargo
4.2%
2033 Notes (Baby Bonds)
1.5%
Total Corporate Capitalization
2026 Notes (Institutional)
2.0%
2022 Notes (Institutional)
5.8%
SBA Debentures
3.8%
Union Bank
22.5%
2025 Notes (Baby Bonds)
2.9%
$400.0
2028 Asset-Backed Notes
9.6%
2028 Asset Backed Notes.
14.1%
2022 Convertible Notes
13.0%
2027 Asset Backed Notes
10.2%
2022 Convertible Notes.
8.9%
Credit Facilities
0.0%
2027 Asset-Backed Notes
7.0%
Xercules.
CAPITAL
Equity
49.8%
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