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Long-Term Debt (Tables)

6 Months Ended

Sep. 30, 2016

Long-Term Debt

Schedule of loans outstanding


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

Schedule of deferred financing fees


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