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DEBT (Tables) | 12 Months Ended
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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 |

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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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- 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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- 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 + Details
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