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DEBT (Tables)
3 Months Ended
Mar. 31, 2015
DEBT  
Schedule of long-term debt

 

 

Successor

 

Successor

 

 

 

March 31, 2015

 

December 31, 2014

 

 

 

 

 

 

 

$100 Million Term Loan Facility

 

$

65,868

 

$

67,792

 

$253 Million Term Loan Facility

 

160,277

 

165,568

 

2010 Baltic Trading Credit Facility

 

 

102,250

 

Baltic Trading $148 Million Credit Facility

 

115,000

 

 

Baltic Trading $22 Million Term Loan Facility

 

19,750

 

20,125

 

Baltic Trading $44 Million Term Loan Facility

 

40,563

 

41,250

 

2014 Baltic Trading Term Loan Facilities

 

33,150

 

33,150

 

Less: Current portion

 

(44,576

)

(34,324

)

 

 

 

 

 

 

Long-term debt

 

$

390,032

 

$

395,811

 

 

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

 

 

Successor

 

Predecessor

 

 

 

Three Months
Ended
March 31,
2015

 

Three Months
Ended
March 31,
2014

 

Effective Interest Rate

 

3.69 

%

4.35 

%

Range of Interest Rates (excluding impact of swaps and unused commitment fees)

 

2.73% to 3.76

%

3.15% to 4.25

%