Bank loans and Financing arrangements

As of December 31,

2020

As of December 31,

2019

Margin

(i)

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

122,324

262,385

3.25%

(ii)

Issued in January 2020 maturing in January 2025 (the “2020 credit facility”)

35,920

-

2.55%

(iii)

Issued in January 2020 maturing in January 2025 (the “CMBFL financing arrangement”)

36,100

-

2.55%

(iv)

Issued in January 2020 maturing in January 2025 (the “CMBFL financing arrangement”)

36,100

-

2.55%

(v)

Issued in May 2020 maturing in May 2027 (the “ICBCFL financing arrangement”)

49,324

-

2.60%

(vi)

Issued in May 2020 maturing in May 2027 (the “ICBCFL financing arrangement”)

50,570

-

2.60%

(vii)

Issued in May 2020 maturing in May 2027 (the “ICBCFL financing arrangement”)

49,324

-

2.60%

Total long-term debt

$

379,662

$

262,385

Less: Deferred loans and financing arrangements issuance costs

5,338

3,399

Total long-term debt, net

$

374,324

$

258,986

Less: Current portion of long-term debt

37,210

29,145

Add: Current portion of deferred loans and financing arrangements issuance costs

1,400

2,148

Long-term debt, net

$

338,514

$

231,989