DEBT (Tables)

12 Months Ended

Dec. 31, 2016

Debt Disclosure [Abstract]

Schedule of Debt

(in thousands of $)	Floating rate debt		Fixed rate debt	Sellers credit		Deferred charges		Total
Balance at December 31, 2014	363,500		—	—		(3,534	)	359,966
Debt assumed as a result of the Merger	426,602		161,200	4,511		—		592,313
Loan repayments	(244,338	)	—	—		—		(244,338	)
Loan draw downs	215,975		—	—		—		215,975
Amortization of purchase price adjustment	—		6,615	228		—		6,843
Capitalized financing fees and expenses	—		—	—		(3,825	)	(3,825	)
Amortization of capitalized fees and expenses	—		—	—		1,562		1,562
Balance at December 31, 2015	761,739		167,815	4,739		(5,797	)	928,496
Loan repayments	(17,471	)	—	(4,748	)	—		(22,219	)
Loan draw downs	142,200		—	—		—		142,200
Amortization of purchase price adjustment	—		9,485	9		—		9,494
Capitalized financing fees and expenses	—		—	—		(898	)	(898	)
Amortization of capitalized fees and expenses	—		—	—		1,345		1,345
Balance at December 31, 2016	886,468		177,300	—		(5,350	)	1,058,418

Schedule of Maturities of Long-term Debt

The outstanding debt as of December 31, 2016 is repayable as follows:

(in thousands of $)
2017	—
2018	84,290
2019	485,092
2020	374,168
2021	142,918
Thereafter	—
	1,086,468
Amortization of purchase price adjustment	(22,700	)
	1,063,768

Schedule of Long-term Debt Instruments [Table Text Block]

(in thousands of $)	2016		2015
$33.93 million term loan	28,275		28,841
$82.5 million term loan	44,367		47,597
$284.0 million term loan	258,538		262,541
$420.0 million term loan	388,545		395,875
$425.0 million term loan	166,743		26,885
Total U.S. dollar denominated floating rate debt	886,468		761,739
U.S. dollar denominated fixed rate debt	177,300		167,815
Sellers credit	—		4,739
Deferred charges	(5,350	)	(5,797	)
Total debt	1,058,418		928,496
Less: current portion	—		(20,380	)
	1,058,418		908,116