9 unchanged sentences
have a substantial amount of indebtedness.
−Removed: At September 30, 2024, we had approximately $3,105.0 million of debt outstanding.
−Removed: consisted primarily of $2,875.8 million of securitization trust debt and $105.8 million of debt from warehouse lines of credit.
+Added: At March 31, 2025, we had approximately $3,300.0 million of debt outstanding.
+Added: Such debt consisted
+Added: primarily of $2,743.3 million of securitization trust debt and $365.7 million of debt from warehouse lines of credit.
Our securitization
4 unchanged sentences
We had $27.5 million and $26.5 million in subordinated renewable
−Removed: notes outstanding at September 30, 2024 and December 31, 2023, respectively.
−Removed: On June 30, 2021, we completed a $50.0 million securitization
−Removed: of residual interests from other previously issued securitizations.
−Removed: On March 2024, we completed a new residual interest financing of our
+Added: notes outstanding at March 31, 2025, and December 31, 2024, respectively.
+Added: In June 2021, we completed a $50.0 million securitization of
+Added: residual interests from other previously issued securitizations.
+Added: In March 2024, we completed another residual interest financing of our
residual interests from previously issued securitizations in the amount of $50.0 million.
−Removed: As of September 30, 2024, all $100.0 million
−Removed: of this debt remains outstanding.
+Added: On March 20, 2025, we completed a new residual
+Added: interest financing of our residual interests from previously issued securitizations in the amount of $65.0 million.
+Added: As of March 31, 2025,
+Added: all $165.0 million of the residual interest debt remains outstanding.
Our substantial indebtedness could adversely affect
12 unchanged sentences
Failure to pay our indebtedness when due could have a material adverse effect.
+Added: Unregistered Sales of Equity Securities
+Added: and Use of Proceeds
+Added: During the three months ended March 31, 2025,
+Added: we did not repurchase any shares from existing shareholders.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.