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Long-term Debt (Tables)

9 Months Ended

Dec. 31, 2019

Long-term Debt

Schedule of loans outstanding


		December 31, 2019			March 31, 2019
2015 Debt Facility
Commercial Financing		$	166,461,402		$	175,687,613
KEXIM Direct Financing			114,502,131			125,860,144
KEXIM Guaranteed			119,130,446			130,366,568
K-sure Insured			59,000,735			64,706,170
Total 2015 Debt Facility		$	459,094,714		$	496,620,495

Japanese Financings
Corsair Japanese Financing		$	44,958,333		$	47,395,833
Concorde Japanese Financing			49,538,462			51,961,538
Corvette Japanese Financing			50,076,923			52,500,000
CJNP Japanese Financing			19,420,625			20,506,250
CMNL Japanese Financing			18,418,899			19,446,131
CNML Japanese Financing			20,612,351			21,666,369
Total Japanese Financings		$	203,025,593		$	213,476,121

Total debt obligations		$	662,120,307		$	710,096,616
Less: deferred financing fees			11,846,890			14,005,830
Debt obligations—net of deferred financing fees		$	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

Schedule of deferred financing fees


		Financing
		costs
Balance, April 1, 2019		$	14,005,830
Additions			40,547
Amortization			(2,199,487)
Balance, December 31, 2019		$	11,846,890