Interest expense decreased by $27.0 million, or 23.1%, from $116.9 million for the six months ended June 30, 2025 to $89.9 million for the six months ended June 30, 2026
The decrease was driven by a 172 basis point decrease in our Cost of Debt
cost of debt has decreased primarily due to improvements from revised cash flow estimates in our Asset-backed borrowings at amortized cost, reduction of higher-cost and issuance of lower-cost Asset-backed borrowings at amortized cost, fewer draws on our Secured financing, and continued paydowns of the Corporate financing
Since 2015, we have participated in 28 sponsored or co-sponsored amortizing and revolving bond offerings in the asset-backed securities market, all of which include tranches that have been rated investment grade
On February 9, 2026, we issued $485.0 million of Series 2026-A asset-backed notes...priced with a weighted average yield of 5.32% per annum
no findingread · nothing bore on it
It held on this filing. No finding was written because nothing in it bore on the reason — the sentences it was read against are below.