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DEBT - $450 Million Credit Facility (Details) $ in Thousands |  |  | 3 Months Ended | 9 Months Ended
--- | --- | --- | --- | ---
Aug. 31, 2021 USD ($) | Aug. 03, 2021 USD ($) item | Sep. 30, 2021 USD ($) | Sep. 30, 2021 USD ($)
$450 Million Credit Facility | Secured Debt |  |  |  |
Debt |  |  |  |
Maximum borrowing capacity |  | $ 450,000 | $ 450,000 | $ 450,000
Term of facilities |  | 5 years |  |
Consecutive quarterly commitment reductions |  | $ 11,720 |  |
Balloon payment |  | 215,600 |  |
Additional borrowing capacity |  | $ 150,000 |  |
Drawdowns during the period | $ 350,000 |  |  | 350,000
Loan to value ratio |  | 55.00% |  |
Remaining borrowing capacity |  |  | 137,530 | 137,530
Maximum total indebtedness to total capitalization (as a ratio) |  | 70 |  |
Number of vessels to serve as collateral under debt agreement | item |  | 40 |  |
Key covenant - Percentage of unrestricted cash to total indebtedness |  | 5.00% |  |
Key covenant - Unrestricted cash and cash equivalents minimum per vessel |  | $ 500 |  |
Repayment of secured debt |  |  | $ 45,000 | $ 45,000
Commitment fee on unused daily average unutilized commitment (as a percent) |  | 40.00% |  |
Number of vessels expected to be delivered unencumbered | item |  | 5 |  |
Collateral vessel replacement period |  | 360 days |  |
Revolver credit facility | Secured Debt |  |  |  |
Debt |  |  |  |
Maximum borrowing capacity |  | $ 300,000 |  |
Drawdowns during the period | 200,000 |  |  |
Term loan facility | Secured Debt |  |  |  |
Debt |  |  |  |
Maximum borrowing capacity |  | $ 150,000 |  |
Drawdowns during the period | $ 150,000 |  |  |
Collateral Vessels Less Than Five Years Old | $450 Million Credit Facility | Secured Debt |  |  |  |
Debt |  |  |  |
Loan to value ratio |  | 60.00% |  |
Collateral Vessels At Least Five Years Old But Not Older Than Seven Years | $450 Million Credit Facility | Secured Debt |  |  |  |
Debt |  |  |  |
Loan to value ratio |  | 55.00% |  |
LIBOR | $450 Million Credit Facility |  |  |  |
Debt |  |  |  |
Margin increase or decrease based on performance of emissions targets |  | 0.05% |  |
Minimum | $450 Million Credit Facility | Secured Debt |  |  |  |
Debt |  |  |  |
Collateral security maintenance test (as a percent) |  | 140.00% |  |
Minimum | LIBOR | $450 Million Credit Facility | Secured Debt |  |  |  |
Debt |  |  |  |
Applicable margin over reference rate |  | 2.15% |  |
Maximum | LIBOR | $450 Million Credit Facility | Secured Debt |  |  |  |
Debt |  |  |  |
Applicable margin over reference rate |  | 2.75% |  |

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- Definition Additional borrowing capacity under the credit facility. + References No definition available. + Details
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- Definition The amount of consecutive quarterly commitment reduction at the end of the reporting period. + References No definition available. + Details
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- Definition Represents the aggregate fair value of the mortgaged vessels to be maintained as a percentage of aggregate outstanding principal amount as per the terms of the credit facilities' covenants. + References No definition available. + Details
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- Definition Represents the number of vessels to serve as collateral under debt agreement. + References No definition available. + Details
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- Definition Period remaining on line of credit facility before it terminates, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. + References No definition available. + Details
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- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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