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Long-Term Debt (Tables)

3 Months Ended

Jun. 30, 2016

Long-Term Debt

Schedule of loans outstanding


RBS secured bank debt		June 30, 2016			March 31, 2016
Tranche A		$	37,400,000		$	37,400,000
Tranche B			26,848,500			28,127,000
Tranche C			43,967,500			43,967,500
Total RBS secured bank debt		$	108,216,000		$	109,494,500

2015 Debt Facility
Commercial Financing		$	237,906,927		$	241,442,384
KEXIM Direct Financing			190,475,726			194,827,596
KEXIM Guaranteed			188,431,597			192,736,763
K-sure Insured			95,681,068			97,867,129
Total 2015 Debt Facility		$	712,495,318		$	726,873,872

Total debt obligations		$	820,711,318		$	836,368,372
Less: deferred financing fees			22,899,494			23,748,116
Debt obligations—net of deferred financing fees		$	797,811,824		$	812,620,256

Presented as follows:
Current portion of long-term debt		$	65,978,785		$	66,265,643
Long-term debt—net of current portion and deferred financing fees			731,833,039			746,354,613
Total		$	797,811,824		$	812,620,256

Schedule of deferred financing fees


		Financing
		costs
Balance, April 1, 2016		$	23,748,116
Additions			99,785
Amortization			(948,407)
Balance, June 30, 2016		$	22,899,494