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v3.23.3

Long-term debt, net | 6 Months Ended
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Jun. 30, 2023
Debt Disclosure [Abstract] |
Long-term debt, net | 7. Long-term debt, net Long-term debt consists of the following credit facilities, sale and lease back agreements and unsecured bonds: Long-term debt, net - Bank Loans (Table)
|  |  | As of June 30, 2023 |  | As of December 31, 2022 | Rate of interest
| Credit facilities |  |  |  |  |
(i) | Issued in January 2021 maturing in February 2026 (the “CMTC Seller’s Credit”) | $ | 6,000 | $ | 6,000 | Fixed rate
(ii) | Assumed in December 2021 maturing in December 2027 (the “2021 credit facility”) |  | 105,957 |  | 110,827 | Margin + Secured Overnight Financing Rate (“SOFR”)
(iii) | Issued in October 2022 maturing in October 2028 (the “2022 credit facility”) |  | 102,340 |  | 105,000 | Margin + SOFR
(iv) | Issued in June 2023 maturing in June 2031 (the “2023 credit facility”) |  | 100,000 |  | – | Margin + SOFR
| Sale and lease back agreements |  |  |  |  |
(v) | Issued in January 2020 maturing in January 2025 (the “2020 CMBFL”) |  | 28,100 |  | 29,700 | Margin + Libor
(vi) | Issued in January 2020 maturing in January 2025 (the “2020 CMBFL”) |  | 28,100 |  | 29,700 | Margin + Libor
(vii) | Issued in May 2020 maturing in May 2027 (the “ICBCFL”) |  | 40,164 |  | 41,996 | Margin + Libor
(viii) | Issued in January 2021 fully repaid in March 2023 (the “2021 CMBFL - Panamax”) |  | – |  | 8,083 | Margin + Libor
(ix) | Issued in January 2021 fully repaid in March 2023 (the “2021 CMBFL - Panamax”) |  | – |  | 8,083 | Margin + Libor
(x) | Issued in January 2021 fully repaid in March 2023 (the “2021 CMBFL - Panamax”) |  | – |  | 8,083 | Margin + Libor
(xi) | Assumed in September 2021 maturing in October 2027 (the “2021 Bocomm”) |  | 132,684 |  | 138,888 | Margin + Libor
(xii) | Assumed in September 2021 maturing in May 2028 (the “2021 Bocomm”) |  | 125,953 |  | 132,217 | Margin + Libor
(xiii) | Assumed in November 2021 maturing in August 2028 (the “2021 CMBFL - LNG/C”) |  | 135,028 |  | 139,183 | Margin + Libor
(xiv) | Assumed in November 2021 maturing in September 2028 (the “2021 CMBFL - LNG/C”) |  | 133,950 |  | 138,072 | Margin + Libor
(xv) | Assumed in November 2021 maturing in July 2036 (the “2021 Shin Doun”) |  | 133,823 |  | 136,778 | Fixed rate
(xvi) | Issued in December 2022 maturing in January 2031 (the “2022 Jolco”) |  | 106,212 |  | – | ($73,812: Margin + SOFR, $32,400: Fixed rate)
(xvii) | Issued in February 2023 maturing in February 2033 (the “2023 CMBFL - LNG/C”) |  | 181,812 |  | – | Margin + SOFR
| Unsecured Bonds |  |  |  |  |
(xviii) | Issued in October 2021 maturing in October 2026 (the “2021 Bonds”) |  | 162,955 |  | 159,966 | Fixed rate
(xix) | Issued in July 2022 maturing in July 2029 (the “2022 Bonds”) |  | 108,637 |  | 106,644 | Fixed rate
| Total long-term debt |  | 1,631,715 |  | 1,299,220 |
| Less: Deferred loan and financing arrangements issuance costs |  | 12,293 |  | 10,142 |
| Total long-term debt, net |  | 1,619,422 |  | 1,289,078 |
| Less: Current portion of long-term debt |  | 87,804 |  | 75,438 |
| Add: Current portion of deferred loan and financing arrangements issuance costs |  | 2,576 |  | 2,225 |
| Long-term debt, net | $ | 1,534,194 | $ | 1,215,865 |
7. Long-term debt, net – continued Details of the Partnership’s credit facilities, financing arrangements and unsecured bonds are discussed in Note 7 of the Partnership’s Consolidated Financial Statements for the year ended December 31, 2022. On June 13, 2023, the Partnership entered into a new credit facility, the “2023 credit facility”, of up to $100,000, for the purpose of partially financing the acquisition of the shares of the company owning the M/V Buenaventura Express (Note 5). The full amount of the facility was drawn on June 15, 2023, and has a duration of eight years. On March 14, 2023, the Partnership fully repaid the 2021 CMBFL - Panamax sale and lease back agreements, with original maturity in February 2026, amounting to $23,423. On February 7, 2023, the Partnership entered into a new sale and lease back agreement, the “2023 CMBFL - LNG/C”, of up to $184,000, for the purpose of partially financing the acquisition of the shares of the company owning the LNG/C Asterix I (Note 5). The full amount of the sale and lease back agreement was drawn on February 17, 2023, and has duration of 10 years. On December 23, 2022, the Partnership entered into a new sale and lease back agreement, the “2022 Jolco”, of up to $108,000, for the purpose of partially financing the acquisition of the shares of the company owning the M/V Itajai Express (Note 5). The full amount of the sale and lease back agreement was drawn on January 6, 2023, and has duration of eight years. During the six-month period ended June 30, 2023, the Partnership repaid the amount of $41,064 in line with the amortization schedule of its credit facilities and financing arrangements. As of June 30, 2023, and December 31, 2022, the Partnership was in compliance with all financial debt covenants. As of June 30, 2023, there were no undrawn amounts under the Partnership’s credit facilities and financing arrangements. For the six-month periods ended June 30, 2023, and 2022 interest expense amounted to $47,563 and $20,894, respectively and the weighted average interest rate of the Partnership’s loan facilities, financing arrangements and unsecured bonds was 6.2% and 3.4%, respectively.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(c)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 470 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//470/tableOfContent Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1C -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1C -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1C -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1E -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1I -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1I -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1I -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I + Details
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