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Long-Term Debt (Tables)
6 Months Ended
Jun. 30, 2018
Long-Term Debt Covenants [Abstract]  
Bank Loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Bank loans

 

As of June 30,

2018

 

 

As of December 31,

2017

 

 

Margin

 

(i)

 

Issued in September 2017 maturing in October 2023 (the “2017 credit facility”)

 

 

419,201

  

 

 

460,000

  

 

3.25%

 

(ii)

 

Assumed in October 2016 maturing in November 2022 (the “2015 credit facility”, the “Amor Tranche”)

 

 

15,750

  

 

 

15,750

  

 

2.50%

 

(iii)

 

Assumed in January 2018 maturing in January 2024 (the “Aristaios credit facility ”)

 

 

28,333

 

 

 

-

 

 

2.85%

 

(iv)

 

Assumed in May 2018 maturing in June 2023 (the “2015 credit facility ” the “Anikitos Tranche”)

 

 

15,625

 

 

 

-

 

 

  2.50%

 

 

 

Total long-term debt

 

$

478,909

  

 

$

475,750

  

 

 

 

 

 

Less: Deferred loan issuance costs

 

 

5,678

  

 

 

6,635

  

 

 

 

 

 

Less: Loan associated with vessel held for sale

 

 

-

 

 

 

14,781

 

 

 

 

 

 

Total long-term debt, net

 

$

473,231

  

 

$

454,334

  

 

 

 

 

 

Less: Current portion of long-term debt

 

 

54,535

  

 

 

52,057

  

 

 

 

 

 

Add: Current portion of deferred loan issuance costs

 

 

1,433

  

 

 

1,543

  

 

 

 

 

 

Long-term debt, net

 

$

420,129

  

 

$

403,820