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Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2018

Long-Term Debt Covenants [Abstract]

Bank Loans

	Bank loans	As of December 31, 2018	As of December 31, 2017	Margin
(i)	Issued in September 2017 maturing in October 2023 (the “2017 credit facility”)	387,426	460,000	3.25%
(ii)	Assumed in October 2016 maturing in November 2022 (the “2015 credit facility”, the “Amor Tranche”)	15,422	15,750	2.50%
(iii)	Assumed in January 2018 maturing in January 2024 (the “Aristaios credit facility ”)	27,417	—	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	$      445,890	$ 475,750
	Less: Deferred loan issuance costs	4,866	6,635
	Less: loan associated with vessel held for sale	-	14,781
	Total long-term debt, net	$      441,024	$454,334
	Less: Current portion of long-term debt	53,680	52,057
	Add: Current portion of deferred loan issuance costs	1,332	1,543
	Long-term debt, net	$      388,676	$403,820

Required Annual Loan Payments

	2017 Credit Facility (i)		2015 Credit Facility (Amor Tranche) (ii)		Aristaios Credit Facility (iii)		2015 Credit Facility (Anikitos Tranche) (iv)		Total
2019	$    50,534		$          1,313		$      1,833		$            -		$      53,680
2020	50,534		1,313		1,833		1,065		54,745
2021	50,534		1,313		1,833		1,420		55,100
2022	50,534		11,483		1,833		1,420		65,270
2023	185,290		-		1,833		11,720		198,843
Thereafter	-		-		18,252		-		18,252
Total	$   387,426		$         15,422		$     27,417		$       15,625		$     445,890

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- Definition

Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

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- Definition

Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601

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