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DEBT (Tables)

6 Months Ended

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.

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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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