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DEBT (Tables) | 6 Months Ended
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Jun. 30, 2014
DEBT |
Schedule of long-term debt |
|  | June 30, 2014 |  | December 31, 2013 |
|  | Balance prior to Financial Statement Classification |  | Amounts Classified as Subject to Compromise |  | Total Debt |  | Total Debt |
2007 Credit Facility |  | $ | 1,055,912 |  | $ | (1,055,912 | ) | $ | — |  | $ | 1,055,912 |
$100 Million Term Loan Facility |  | 73,561 |  | (73,561 | ) | — |  | 75,484 |
$253 Million Term Loan Facility |  | 175,718 |  | (175,718 | ) | — |  | 180,793 |
2010 Baltic Trading Credit Facility |  | 102,250 |  | — |  | 102,250 |  | 102,250 |
Baltic Trading $22 Million Term Loan Facility |  | 20,875 |  | — |  | 20,875 |  | 21,625 |
Baltic Trading $44 Million Term Loan Facility |  | 42,625 |  | — |  | 42,625 |  | 44,000 |
Less: Current portion |  | (4,250 | ) | — |  | (4,250 | ) | (1,316,439 | )
Long-term debt |  | $ | 1,466,691 |  | $ | (1,305,191 | ) | $ | 161,500 |  | $ | 163,625 |
Schedule of effective interest rate and the range of interest rates on the debt |
|  | For the Three Months Ended June 30, |  | For the Six Months Ended June 30, |
|  | 2014 |  | 2013 |  | 2014 |  | 2013 |
Effective Interest Rate |  | 4.31 | % | 4.72 | % | 4.33 | % | 4.73 | %
Range of Interest Rates (excluding impact of swaps and unused commitment fees) |  | 3.15% to 5.15 | % | 3.19% to 4.31 | % | 3.15% to 5.15 | % | 3.19% to 4.38 | %

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- Definition Tabular disclosure of effective interest rate associated with the interest expense for the entity's debt facilities, including the rate differential between the pay fixed, receive variable rate on the interest rate swap agreements that were in effect and the cost associated with unused commitment fees. Additionally, it includes the range of interest rates on the debt, excluding the impact of swaps and unused commitment fees. + References No definition available. + Details
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- Details
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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. + References No definition available. + Details
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