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DEBT (Tables)

12 Months Ended

Dec. 31, 2015

Line of Credit Facility

Schedule of long-term debt

		Successor			Successor
		December 31, 2015			December 31, 2014
$100 Million Term Loan Facility		$	60,100		$	67,792
$253 Million Term Loan Facility		145,268			165,568
$44 Million Term Loan Facility		38,500			41,250
2015 Revolving Credit Facility		56,218			—
$98 Million Credit Facility		98,271			—
2010 Credit Facility		—			102,250
$148 Million Credit Facility		140,383			—
$22 Million Term Loan Facility		18,625			20,125
2014 Term Loan Facilities		31,069			33,150
Less: Current portion		(588,434		)	(34,324		)
Long-term debt		$	—		$	395,811

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

		Successor					Predecessor
		Year		Period from			Period from		Year
		Ended		July 9 to			January 1 to		Ended
		December 31,		December 31,			July 9,		December 31,
		2015		2014			2014		2013
Effective Interest Rate		3.65%		3.60%			4.19%		4.70%
Range of Interest Rates (excluding impact of swaps and unused commitment fees)		2.69% to 6.73%		2.73% to 3.76%			3.15% to 5.15%		3.16% to 4.38%

$98 Million Credit Facility

Line of Credit Facility

Scheduled repayment of outstanding debt

Year Ending December 31,		Total
2016		$	—
2017		1,413
2018		10,000
2019		10,000
2020		76,858
Total debt		$	98,271

2015 Revolving Credit Facility

Line of Credit Facility

Scheduled repayment of outstanding debt

Year Ending December 31,		Total
2016		$	6,565
2017		6,565
2018		6,565
2019		6,565
2020		29,958
Total debt		$	56,218

$100 Million Term Loan Facility

Line of Credit Facility

Scheduled repayment of outstanding debt

Year Ending December 31,		Total
2016		$	7,692
2017		7,692
2018		7,692
2019		37,024
Total debt		$	60,100

$253 Million Term Loan Facility

Line of Credit Facility

Scheduled repayment of outstanding debt

Year Ending December 31,		Total
2016		$	20,300
2017		20,300
2018		20,300
2019		84,368
Total debt		$	145,268

$44 Million Term Loan Facility

Line of Credit Facility

Scheduled repayment of outstanding debt

Year Ending December 31,		Total
2016		$	2,750
2017		2,750
2018		2,750
2019		30,250
Total debt		$	38,500

$22 Million Term Loan Facility

Line of Credit Facility

Scheduled repayment of outstanding debt

Year Ending December 31,		Total
2016		$	1,500
2017		1,500
2018		1,500
2019		14,125
Total debt		$	18,625

2014 Term Loan Facilities

Line of Credit Facility

Scheduled repayment of outstanding debt

Year Ending December 31,		Total
2016		$	2,763
2017		2,763
2018		2,763
2019		2,763
2020		2,763
Thereafter		17,254
Total debt		$	31,069

Baltic Trading $115 Million Revolving Credit Facility

Line of Credit Facility

Scheduled repayment of outstanding debt

Year Ending December 31,		Total
2016		$	9,787
2017		9,787
2018		9,787
2019		78,297
Total debt		$	107,658

Baltic Trading $33 Million Term Loan Facility

Line of Credit Facility

Scheduled repayment of outstanding debt

Year Ending December 31,		Total
2016		$	2,200
2017		2,200
2018		2,200
2019		26,125
Total debt		$	32,725

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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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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