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Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2019
Debt Disclosure  
Loans And Credit Facilities Amounts Outstanding

 

 

 

 

Year Ended December 31,

 

Debt instruments

 

Borrowers-Issuers

 

2019

 

 

2018

 

 

 

 

 

 

 

 

 

 

 

 

$675 Million Credit Facility

 

Fareastern Shipping Limited, Pegasus Shipholding S.A., Lance Shipping S.A., Seacrown Maritime Ltd., Navajo Marine Limited, Solana Holding Ltd.

 

 

663,000

 

 

 

 

$480 Million Term Loan B

 

Arctic LNG and Dynagas Finance LLC

 

 

 

 

 

472,800

 

$250 Million 2019 Notes

 

Dynagas Partners and Dynagas Finance 

 

 

 

 

 

250,000

 

Total debt

 

 

 

$

663,000

 

 

$

722,800

 

Less deferred financing fees

 

 

 

 

(9,846)

 

 

 

(9,984)

 

Total debt, net of deferred finance costs

 

 

 

$

653,154

 

 

$

712,816

 

Less current portion, net of deferred financing fees

 

 

 

$

(45,482)

 

 

$

(251,754)

 

 

 

 

 

 

 

 

 

 

 

 

Long-term debt, net of current portion and deferred financing fees

 

 

 

$

607,672

 

 

$

461,062

 

 

Minimum Annual Principal Payments

Year ending December 31,

 

Amount

 

2020

 

$

48,000

 

2021

 

 

48,000

 

2022

 

 

48,000

 

2023

 

 

48,000

 

2024

 

 

471,000

 

 

 

 

 

 

Total long-term debt

 

$

663,000