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DEBT (Tables)

12 Months Ended

Dec. 31, 2014

DEBT

Schedule of long-term debt

		Successor			Predecessor
		December 31, 2014			December 31, 2013
2007 Credit Facility		$	—		$	1,055,912
$100 Million Term Loan Facility		67,792			75,484
$253 Million Term Loan Facility		165,568			180,793
2010 Baltic Trading Credit Facility		102,250			102,250
Baltic Trading $22 Million Term Loan Facility		20,125			21,625
Baltic Trading $44 Million Term Loan Facility		41,250			44,000
2014 Baltic Trading Term Loan Facilities		33,150			—
Less: Current portion		(34,324		)	(1,316,439		)
Long-term debt		$	395,811		$	163,625

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

		Successor		Predecessor
		Period from		Period from
		July 9 to		January 1 to
		December 31,		July 9,		Year Ended December 31,
		2014		2014		2013		2012
Effective Interest Rate		3.60%		4.19%		4.70%		4.68%
Range of Interest Rates (excluding impact of swaps and unused commitment fees)		2.73% to 3.76%		3.15% to 5.15%		3.16% to 4.38%		3.21% to 4.63%

$100 Million Term Loan Facility

Line of Credit Facility

Schedule of repayment of outstanding debt

Year Ending December 31,		Total
2015		$	7,692
2016		7,692
2017		7,692
2018		7,692
2019		37,024
Total debt		$	67,792

$253 Million Term Loan Facility

Line of Credit Facility

Schedule of repayment of outstanding debt

Year Ending December 31,		Total
2015		$	20,300
2016		20,300
2017		20,300
2018		20,300
2019		84,368
Total debt		$	165,568

2010 Baltic Trading Credit Facility

Line of Credit Facility

Schedule of repayment of outstanding debt

Year Ending December 31,		Total
2015		$	—
2016		4,378
2017		9,787
2018		9,787
2019		78,298
Total debt		$	102,250

Baltic Trading $22Million Term Loan Facility

Line of Credit Facility

Schedule of repayment of outstanding debt

Year Ending December 31,		Total
2015		$	1,500
2016		1,500
2017		1,500
2018		1,500
2019		14,125
Total debt		$	20,125

Baltic Trading $44 Million Term Loan Facility

Line of Credit Facility

Schedule of repayment of outstanding debt

Year Ending December 31,		Total
2015		$	2,750
2016		2,750
2017		2,750
2018		2,750
2019		30,250
Total debt		$	41,250

Baltic Trading 2014 Term Loan Facilities

Line of Credit Facility

Schedule of repayment of outstanding debt

Year Ending December 31,		Total
2015		$	2,081
2016		2,763
2017		2,763
2018		2,763
2019		2,763
Thereafter		20,017
Total debt		$	33,150

X

- 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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- Definition

Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 470

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601

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