6. Long-term Debt

RBS Loan Facility - refer to Note 11 of the consolidated financial statements included in our Annual Report on Form 10-K for the year ended March 31, 2016 for information on the RBS Loan Facility.

2015 Debt Facility – refer to Note 11 of the consolidated financial statements included in our Annual Report on Form 10-K for the year ended March 31, 2016 for information on the 2015 Debt Facility.

Debt Obligations

The table below presents our debt obligations:


RBS secured bank debt	September 30, 2016		March 31, 2016
Tranche A	$	35,700,000	$	37,400,000
Tranche B		26,848,500		28,127,000
Tranche C		42,140,000		43,967,500
Total RBS secured bank debt	$	104,688,500	$	109,494,500

2015 Debt Facility
Commercial Financing	$	234,442,044	$	241,442,384
KEXIM Direct Financing		186,210,662		194,827,596
KEXIM Guaranteed		184,212,304		192,736,763
K-sure Insured		93,538,611		97,867,129
Total 2015 Debt Facility	$	698,403,621	$	726,873,872

Total debt obligations	$	803,092,121	$	836,368,372
Less: deferred financing fees		21,954,760		23,748,116
Debt obligations—net of deferred financing fees	$	781,137,361	$	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		715,158,576		746,354,613
Total	$	781,137,361	$	812,620,256

Deferred Financing Fees

The analysis and movement of deferred financing fees is presented in the table below:


	Financing
	costs
Balance, April 1, 2016	$	23,748,116
Additions		99,785
Amortization		(1,893,141)
Balance, September 30, 2016	$	21,954,760