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DEBT (Tables)

9 Months Ended

Sep. 30, 2014

DEBT

Schedule of long-term debt

		Successor			Predecessor
		September 30, 2014			December 31, 2013
2007 Credit Facility		$	—		$	1,055,912
$100 Million Term Loan Facility		69,714			75,484
$253 Million Term Loan Facility		170,643			180,793
2010 Baltic Trading Credit Facility		102,250			102,250
Baltic Trading $22 Million Term Loan Facility		20,500			21,625
Baltic Trading $44 Million Term Loan Facility		41,938			44,000
Less: Current portion		(32,242		)	(1,316,439		)
Long-term debt		$	372,803		$	163,625

Schedule of effective interest rate and the range of interest rates on the debt

		Successor		Predecessor
		Period from July 9 to September 30, 2014		Period from July 1 to July 9, 2014		Three Months Ended September 30, 2013
Effective Interest Rate		3.62	%	3.94	%	4.69	%
Range of Interest Rates (excluding impact of swaps and unused commitment fees)		3.15% to 3.73	%	3.15% to 5.15	%	3.18% to 4.31	%

		Successor		Predecessor
		Period from July 9 to September 30, 2014		Period from January 1 to July 9, 2014		Nine Months Ended September 30, 2013
Effective Interest Rate		3.62	%	4.19	%	4.72	%
Range of Interest Rates (excluding impact of swaps and unused commitment fees)		3.15% to 3.73	%	3.15% to 5.15	%	3.18% 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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No definition available.

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