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Debt | 9 Months Ended
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Sep. 30, 2019
Debt Disclosure [Abstract] |
Debt | DEBT As of September 30, 2019, and December 31, 2018, our debt was as follows:
(in thousands of $) | September 30, 2019 |  | December 31, 2018 |
Golar Arctic facility | 52,825 |  | 58,300 |
Golar Viking facility | 42,969 |  | 46,875 |
2017 convertible bonds | 364,366 |  | 353,661 |
Margin loan facility | 100,000 |  | 100,000 |
Term loan facility | 150,000 |  | — |
$1.125 billion facility | 157,486 |  | 173,732 |
Subtotal (excluding lessor VIE loans) | 867,646 |  | 732,568 |
ICBCL VIE loans (1) | 551,425 |  | 609,220 |
CCBFL VIE loan (1) | 123,105 |  | 123,524 |
CMBL VIE loan (1) | 109,090 |  | 121,741 |
COSCO Shipping VIE loan (1) | 92,886 |  | 97,163 |
CSSC VIE loan (1) | 822,988 |  | 897,980 |
Total debt | 2,567,140 |  | 2,582,196 |
Less: Deferred finance charges, net | (12,748 | ) | (16,837 | )
Total debt, net of deferred financing costs | 2,554,392 |  | 2,565,359 |
At September 30, 2019, our debt, net of deferred financing costs, is broken down as follows:
| Golar debt |  | VIE debt (1) |  | Total debt |
(in thousands of $) |  |  |
Current portion of long-term debt and short-term debt | 139,693 |  | 835,334 |  | 975,027 |
Long-term debt | 719,350 |  | 860,015 |  | 1,579,365 |
Total | 859,043 |  | 1,695,349 |  | 2,554,392 |
(1) These amounts relate to certain lessor entities (for which legal ownership resides with financial institutions) that we are required to consolidate under U.S. GAAP into our financial statements as variable interest entities (see note 9). Margin loan refinancing In August 2019, we entered into an agreement with a group of lenders to refinance our existing Margin Loan Facility. The new Margin Loan Facility introduces a revolving element, increases the principal amount available to draw to $110 million and has a maturity of one year from execution. The new Margin Loan Facility continues to be secured by a pledge against our common units in Golar Partners. Term loan facility In August 2019, we entered into a $150 million term loan facility with a total term of fifteen months. The term loan facility is secured by a pledge against our shares in Golar Power. At September 30, 2019, the term loan facility is considered non-current based on our intention to utilise the extension options that are in our control with no expected breach of contract clauses.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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