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Subsequent Events (Details)
In Thousands, except Share data, unless otherwise specified
0 Months Ended 6 Months Ended 0 Months Ended 1 Months Ended 0 Months Ended 1 Months Ended 0 Months Ended 0 Months Ended 1 Months Ended
Jul. 11, 2014
Feb. 25, 2014
USD ($)
Jun. 30, 2014
USD ($)
Jun. 30, 2013
USD ($)
Jul. 11, 2014
Oceanbulk
Jul. 11, 2014
Held in escrow for Heron vessels
Jul. 11, 2014
Heron vessels
USD ($)
Jul. 11, 2014
Oaktree
Aug. 31, 2014
Oaktree
Dec. 31, 2014
Oaktree
Jul. 11, 2014
Pappas shareholders and Millennia Holdings
Aug. 31, 2014
Pappas shareholders and Millennia Holdings
Dec. 31, 2014
Pappas shareholders and Millennia Holdings
Jul. 11, 2014
The "Dioriga Facility"
USD ($)
Jul. 16, 2014
The "NIBC Facility"
USD ($)
Jul. 31, 2014
The "BNP Facility"
USD ($)
Jul. 22, 2014
Peloreus
USD ($)
Jul. 11, 2014
Peloreus
Jul. 22, 2014
Peloreus - Financed by Deutsche Bank AG loan facility
USD ($)
Jul. 22, 2014
Peloreus- Financed by existing cash
USD ($)
Jul. 11, 2014
Mr Softeland and Mr Schmitz
Aug. 04, 2014
Former CEO
EUR (€)
Jul. 11, 2014
Additional financing
USD ($)
Sep. 05, 2014
Excel vessels
USD ($)
Aug. 31, 2014
Excel vessels
USD ($)
Aug. 31, 2014
Excel vessels capesize
Aug. 31, 2014
Excel vessels Kamsarmax
Aug. 31, 2014
Excel vessels Panamax
Aug. 31, 2014
Excel vessels Handymax
Aug. 31, 2014
Oaktree Excel investors
Aug. 31, 2014
Angelo, Gordon Excel investors
Dec. 31, 2014
Angelo Gordon investors
Sep. 05, 2014
Excel Vessel Bridge Facility
USD ($)
Aug. 31, 2014
Excel Vessel Bridge Facility
USD ($)
Subsequent Events [Line Items]                                                                    
Vessels Acquired         12   2                                   34 6 14 12 2          
Vessels Delivered                                               5                    
Common Stock - Shares Issued           2,115,706                                                        
Expected payment upon the distribution of vessels   $ 200         $ 25,000                                   $ 288,391                  
Shares to acquire business 54,104,200 22,598           45,460,324     8,643,876                         3,548,372 29,917,312                  
Ownership percentage   33.00%           61.30%   57.30% 12.60%   9.30%                                 48.10% 24.30% 7.80%    
Voting percentage                 33.00%     15.00%                                            
Number of shares granted     402,167 279,333                                 15,000                          
Number of shares vested                                         15,000                          
DWT                                 182,000                                  
Delivery installment payment     74,267 827                         34,625   32,500 2,125       3,678                    
Severance payment, cash                                           644,000                        
Severance payments,common shares                                           168,842                        
Number of contracts acquired for vessels construction         25                                                          
Delivery date                                   Jul. 22, 2014                                
Loan amount                             32,000 32,500             208,237                     231,000
Outstanding borrowings                           20,000                                     29,240  
Number of tranches per loan                             2                                      
Amount of each tranche                             $ 16,000                                      
Loan reference interest rate                           LIBOR LIBOR LIBOR                                    
Loan interest rate margin                           a margin of 3.2% per annum (as long as ACR exceeds 143%) or 4.30% per annum (if ACR falls below 143%) 2.80% annum 2.50% per annum                                    
Loan repayment terms                           The Dioriga Facility will mature in March 2019 and will be repayable in 20 quarterly installments of $350 each, commencing three months after the drawdown, plus a balloon payment of $13,000 due together with the last installment The facility will mature six years after the signing date. Each tranche is expected to be drawn with the delivery of the relevant vessel and will be repayable in consecutive quarterly installments of $268, commencing three months after the drawdown, plus a balloon payment of $10,650, for HN 5040, and $10,918, for HN 5043, both due in September 2020. The facility is expected to be drawn with the delivery of the vessel and will be repaid in 20 equal, consecutive, quarterly principal payments of $537.5 each with the first becoming due and payable three months from the drawdown date together with a balloon installment of $21,750 payable simultaneously with the 20th installment.                                    
Covenant description                           The Dioriga Facility includes certain negative covenants, including covenants against (i) changes in the management or legal or beneficial ownership of Dioriga and (ii) encumbrance on the assets of Dioriga. The Dioriga Facility includes the following financial maintenance covenants: - a market value of the vessel to loan (including interest rate swap exposure) ratio to exceed 130%; and - minimum liquidity to exceed $700, to be maintained in an account with HSBC Bank plc. The definitive agreements of the NIBC Facility will contain negative and financial covenants customary for facilities of this type. The definitive agreement of the BNP Facility will contain negative and financial covenants customary for facilities of this type.