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v3.19.3.a.u2

Long-term Debt (Details) - USD ($) | 9 Months Ended |  |  |  |
--- | --- | --- | --- | --- | ---
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2019 | Jul. 23, 2019 | Mar. 31, 2019 | Mar. 31, 2015
Debt obligations |  |  |  |  |  |
Total debt obligations |  |  | $ 662,120,307 |  | $ 710,096,616 |
Less: deferred financing fees | $ 11,846,890 |  | 11,846,890 |  | 14,005,830 |
Total |  |  | 650,273,417 |  | 696,090,786 |
Presented as follows: |  |  |  |  |  |
Current portion of long-term debt |  |  | 63,968,414 |  | 63,968,414 |
Long-term debt—net of current portion and deferred financing fees |  |  | 586,305,003 |  | 632,122,372 |
Total |  |  | 650,273,417 |  | 696,090,786 |
Deferred financing fees |  |  |  |  |  |
Deferred finance fees, beginning | 14,005,830 |  |  |  |  |
Additions | 40,547 |  |  |  |  |
Amortization | (2,199,487) | $ (2,383,918) |  |  |  |
Deferred finance fees, end | $ 11,846,890 |  |  |  |  |
Japanese Financings |  |  |  |  |  |
Debt obligations |  |  |  |  |  |
Total debt obligations |  |  | 203,025,593 |  | 213,476,121 |
Corsair Japanese Financing |  |  |  |  |  |
Debt obligations |  |  |  |  |  |
Total debt obligations |  |  | 44,958,333 |  | 47,395,833 |
Concorde Japanese Financing |  |  |  |  |  |
Debt obligations |  |  |  |  |  |
Total debt obligations |  |  | 49,538,462 |  | 51,961,538 |
Corvette Japanese Financing |  |  |  |  |  |
Debt obligations |  |  |  |  |  |
Total debt obligations |  |  | 50,076,923 |  | 52,500,000 |
CJNP Japanese Financing |  |  |  |  |  |
Debt obligations |  |  |  |  |  |
Total debt obligations |  |  | 19,420,625 |  | 20,506,250 |
CMNL Japanese Financing |  |  |  |  |  |
Debt obligations |  |  |  |  |  |
Total debt obligations |  |  | 18,418,899 |  | 19,446,131 |
CNML Japanese Financing |  |  |  |  |  |
Debt obligations |  |  |  |  |  |
Total debt obligations |  |  | 20,612,351 |  | 21,666,369 |
2015 Debt Facility |  |  |  |  |  |
Long-Term Debt |  |  |  |  |  |
Original loan amount |  |  |  |  |  | $ 758,000,000
Minimum interest coverage ratio for following 9 month period (as a percent) |  |  |  | 200.00% |  |
Minimum interest coverage ratio for thereafter (as a percent) |  |  |  | 250.00% |  |
Minimum consolidated liquidity if interest coverage ratio of consolidated EBTDA is less than required |  |  |  | $ 47,500,000 |  |
Debt obligations |  |  |  |  |  |
Total debt obligations |  |  | 459,094,714 |  | 496,620,495 |
Commercial Financing |  |  |  |  |  |
Debt obligations |  |  |  |  |  |
Total debt obligations |  |  | 166,461,402 |  | 175,687,613 |
KEXIM Direct Financing |  |  |  |  |  |
Debt obligations |  |  |  |  |  |
Total debt obligations |  |  | 114,502,131 |  | 125,860,144 |
KEXIM Guaranteed |  |  |  |  |  |
Debt obligations |  |  |  |  |  |
Total debt obligations |  |  | 119,130,446 |  | 130,366,568 |
K-sure Insured |  |  |  |  |  |
Debt obligations |  |  |  |  |  |
Total debt obligations |  |  | $ 59,000,735 |  | $ 64,706,170 |

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