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DEBT - 450 Million Credit Facility (Details) $ in Thousands |  |  |  | 12 Months Ended
--- | --- | --- | --- | ---
Nov. 08, 2022 | Aug. 31, 2021 USD ($) | Aug. 03, 2021 USD ($) item | Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($)
Repayment of the outstanding debt |  |  |  |  |
Total debt |  |  |  | $ 171,000 | $ 246,000
$450 Million Credit Facility |  |  |  |  |
Debt |  |  |  |  |
Drawdowns during the period |  |  |  |  | 350,000
Repayment of secured debt |  |  |  | 75,000 | 104,000
$450 Million Credit Facility | Secured Debt |  |  |  |  |
Debt |  |  |  |  |
Maximum borrowing capacity |  |  | $ 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 |  |  |
Loan to value ratio |  |  | 55.00% |  |
Remaining borrowing capacity |  |  |  | 212,930 |
Maximum total indebtedness to total capitalization (as a ratio) |  |  | 0.70 |  |
Number of vessels to serve as collateral under debt agreement | item |  |  | 39 |  |
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 |  |  |  | 75,000 | $ 104,000
Long-term debt |  |  |  | 164,921 |
Commitment fee on unused daily average unutilized commitment (as a percent) |  |  | 40.00% |  |
Number of vessels expected to be delivered unencumbered | item |  |  | 5 |  |
Repayment of the outstanding debt |  |  |  |  |
2026 |  |  |  | 171,000 |
Total debt |  |  |  | $ 171,000 |
$450 Million Credit Facility | Secured Debt | Genco Provence |  |  |  |  |
Debt |  |  |  |  |
Collateral vessel replacement extension period | 360 days |  |  |  |
Revolving 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 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 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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